Mercury Interactive has settled with a group of pension schemes for $117.5m (£57.4m) in a court case relating to stock options backdating.
Hewlett-Packard, which acquired the software provider for $4.5bn (£2.2bn) in 2006 after stock options investigations began, paid a penalty of $28m (£13.6m) to the Securities and Exchange Commission...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here