Linear Target of Shareholder Suits Over Options

June 2006
Electronic News;6/5/2006, Vol. 52 Issue 23, p2
Trade Publication
The article reports on two stockholder derivative lawsuits that have been filed against the members of the board of directors and various executive officers of analog chipmaker Linear Technology Corp. in the U.S. District Court of California as a result of the current scandal over companies' alleged backdating of stock options. According to a statement issued by executive chairman Robert Swanson, Jr., the company grants its stock options on a quarterly basis in connection with its regularly scheduled board meetings. The company said that it plans to defend the lawsuits vigorously. It provides a brief background on the company.


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