Sec stock option backdating cases Dirty chat rooms free

conspired to falsify records to cover up backdating of employee stock-option grants, prosecutors told a federal jury yesterday.

Stephanie Jensen "routinely schemed with her boss," former chief executive Gregory Reyes, to falsify board meeting minutes to hide from auditors the practice of granting backdated options to new employees, an assistant US attorney, Adam Reeves, said in opening arguments.

She faces as long as 20 years in prison and million in fines if convicted of falsifying records.

Brocade restated results in January 2005, widening its 2004 loss to million from million.

The company would then grant the option but date it at or near its lowest point.

Tullos, the former vice president of human resources of Broadcom Corporation.

This process occurred when companies were only required to report the issuance of stock options to the SEC within two months of the grant date.

Companies would simply wait for a period in which the company's stock price fell to a low and then moved higher within a two-month period.

Tullos personally profited from the backdated grants. Tullos consented to the entry of a statutory injunction prohibiting future violations of Section 17(a)(3) of the Securities Act of 1933, as well as Section 13(b)(5) of the Securities Exchange Act of 1934 and the pertinent rules there under. Tullos consented to the entry of an order which required her to pay over

Tullos, the former vice president of human resources of Broadcom Corporation.

This process occurred when companies were only required to report the issuance of stock options to the SEC within two months of the grant date.

Companies would simply wait for a period in which the company's stock price fell to a low and then moved higher within a two-month period.

Tullos personally profited from the backdated grants. Tullos consented to the entry of a statutory injunction prohibiting future violations of Section 17(a)(3) of the Securities Act of 1933, as well as Section 13(b)(5) of the Securities Exchange Act of 1934 and the pertinent rules there under. Tullos consented to the entry of an order which required her to pay over $1.3 million in disgorgement and prejudgment interest to be offset by the value of her exercisable stock options which were cancelled and the payment of a $100,000 civil penalty. Tullos is not the first stock option backdating case to be based on a Section 17(a)(3) negligence claim.

This scheme, which ran from 1998 through 2003, resulted in the issuance of in-the-money grants for Ms. In addition to contributing to misrepresentations in the books and records of the company, Ms.

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Tullos, the former vice president of human resources of Broadcom Corporation.This process occurred when companies were only required to report the issuance of stock options to the SEC within two months of the grant date.Companies would simply wait for a period in which the company's stock price fell to a low and then moved higher within a two-month period. Tullos personally profited from the backdated grants. Tullos consented to the entry of a statutory injunction prohibiting future violations of Section 17(a)(3) of the Securities Act of 1933, as well as Section 13(b)(5) of the Securities Exchange Act of 1934 and the pertinent rules there under. Tullos consented to the entry of an order which required her to pay over $1.3 million in disgorgement and prejudgment interest to be offset by the value of her exercisable stock options which were cancelled and the payment of a $100,000 civil penalty. Tullos is not the first stock option backdating case to be based on a Section 17(a)(3) negligence claim. This scheme, which ran from 1998 through 2003, resulted in the issuance of in-the-money grants for Ms. In addition to contributing to misrepresentations in the books and records of the company, Ms.Jensen was indicted with Reyes in August 2006 on charges of securities fraud and seven other counts.Prosecutors dropped all charges except conspiracy and falsifying books and records.Stephanie Jensen, former human resources chief at Brocade Communications Systems, faces up to 20 years in prison and $5 million in fines if convicted of falsifying records.(Paul Sakuma/Associated Press/File 2006) SAN FRANCISCO - The former human resources chief for Brocade Communications Systems Inc.While Reyes bears a "heavy responsibility" for the scheme, Jensen falsified documents he signed, Reeves said."She was the key person who ensured the details of this fraud were carried out," Reeves told the jurors.

.3 million in disgorgement and prejudgment interest to be offset by the value of her exercisable stock options which were cancelled and the payment of a 0,000 civil penalty. Tullos is not the first stock option backdating case to be based on a Section 17(a)(3) negligence claim.

This scheme, which ran from 1998 through 2003, resulted in the issuance of in-the-money grants for Ms. In addition to contributing to misrepresentations in the books and records of the company, Ms.

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