(Reuters) - WASHINGTON, May 31 - Mercury Interactive and
Brocade Communications Systems Inc. agreed to pay a combined
$35 million to settle charges they fraudulently backdated stock
options that helped enrich former executives, U.S. regulators
said on Thursday.
The settlements represent the first time companies have
agreed to pay civil penalties related to the Securities and
Exchange Commission's probe of more than 100 companies
suspected of manipulating option grant dates.
Read more at Reuters.com Government Filings News
Brocade Communications Systems Inc. agreed to pay a combined
$35 million to settle charges they fraudulently backdated stock
options that helped enrich former executives, U.S. regulators
said on Thursday.
The settlements represent the first time companies have
agreed to pay civil penalties related to the Securities and
Exchange Commission's probe of more than 100 companies
suspected of manipulating option grant dates.
Read more at Reuters.com Government Filings News
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