US - KLA-Tencor Corporation has agreed to pay $65m to settle a shareholder lawsuit involving retirement systems from Louisiana, Philadelphia and Detroit.
The lawsuit claimed KLA, which is a supplier of process control and yield management solutions for the semiconductor and related microelectronics industries, illegally backdated stock option grants...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
