TITLE

Linear Target of Shareholder Suits Over Options

PUB. DATE
June 2006
SOURCE
Electronic News;6/5/2006, Vol. 52 Issue 23, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
21297915

 

Related Articles

  • The Stock Options Backdating Scandal. Cottingham III, T. Thomas // Risk Management (00355593);Jun2007, Vol. 54 Issue 6, p12 

    The article presents a guide for corporations which become involved in investigations of the backdating of stock options for executives, an illegal practice. When stockholders file civil suits charging a company with backdating, it must begin an internal investigation, since it will be both a...

  • The Stock Options Backdating Scandal. McCarrick, John F.; Pesso, Maurice // Risk Management (00355593);Jun2007, Vol. 54 Issue 6, p18 

    The article examines the legal implications of illegal stock option backdating practices for insurers of the corporations involved. Corporations have filed claims with insurers to cover stockholders' derivative actions relating to backdating. Recent decisions by the Chancery Court of the state...

  • Lehman Sued Over Executive Pay. Freed, Dan // Investment Dealers' Digest;10/2/2006, Vol. 72 Issue 37, p8 

    The article reports that a shareholder of Lehman Brothers Inc. has filed a lawsuit against the company and its board of directors for misleading the investors about stock options and incentives in the proxy statements. It has been noted that the proxy statements exclude the facts regarding the...

  • Derivative Lawsuits And Side-A Explained.  // National Underwriter / P&C;2/21/2011, Vol. 115 Issue 7, p29 

    The article elaborates the concept of derivative lawsuits and the Side-A coverage part of executives' liability insurance policies in the U.S.

  • Securities reform has unintended consequences. Sclafane, Susanne // National Underwriter / Property & Casualty Risk & Benefits Manag;9/16/96, Vol. 100 Issue 38, p12 

    Focuses on the impact of the 1995 Private Securities Litigation Reform Act on company directors and officers liability insurers' business operations. Increase in number of shareholder actions; Shareholder lawyers' comments.

  • You should be prepared for shareholder activism. Murphy, Sean K. // San Diego Business Journal;12/08/97, Vol. 18 Issue 49, p24 

    Discusses the rise of shareholder activism. Steps that a chief executive officer can take to lower the possibility of becoming an activist target and mitigate the effects of shareholder criticism.

  • Playing by the rules. Barnett, Antony // Director;Feb1999, Vol. 52 Issue 7, p29 

    Argues that boardroom guidelines are an essential guard against executive malpractice. Examples that illustrate the importance of boardroom guidelines; Criticisms on the 1997 report of Sir Ronnie Hampel; Benefits from shareholder activism.

  • Double dipping, no ethics. Burda, David // Modern Healthcare;2/6/2006, Vol. 36 Issue 6, p23 

    The article observes the conflicts of interest created by the roles of healthcare executives. It criticizes executives who sit on the boards of for-profit companies that sell goods and services to healthcare providers. They receive salaries as paid board members, they are paid to attend board...

  • AFSCME's Blockbuster Season.  // NACD Directorship;Nov2006, Vol. 32 Issue 10, p25 

    The article presents information on the shareholder proposals of the American Federation of State, County and Municipal Employees for the 2006 proxy season. These include advisory votes on executive pay, majority vote standard, performance-based measures for restricted stock, severance policy...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics