Backdating derivative uc irvine speed dating

Kreinberg also agreed to relinquish his counterclaims for .3 million in damages relating to deferred compensation, lost wages, and cancelled or revoked options or restricted stock, as well as an additional

Kreinberg also agreed to relinquish his counterclaims for $4.3 million in damages relating to deferred compensation, lost wages, and cancelled or revoked options or restricted stock, as well as an additional $1 million in attorneys’ fees for which he had been seeking indemnification.

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Kreinberg also agreed to relinquish his counterclaims for $4.3 million in damages relating to deferred compensation, lost wages, and cancelled or revoked options or restricted stock, as well as an additional $1 million in attorneys’ fees for which he had been seeking indemnification.

million in attorneys’ fees for which he had been seeking indemnification.

The suit claims Wilson Sonsini Goodrich & Rosati committed legal malpractice by giving its approval to backdated stock options, the Recorder reports.

The suit also claims the law firm gave bad advice on a settlement proposal in another derivative case.

Several individual defendants who had served on Comverse’s compensation committee will also collectively forfeit 155,000 in unexercised stock options. Kreinberg, to pay to Comverse

The suit claims Wilson Sonsini Goodrich & Rosati committed legal malpractice by giving its approval to backdated stock options, the Recorder reports.

The suit also claims the law firm gave bad advice on a settlement proposal in another derivative case.

Several individual defendants who had served on Comverse’s compensation committee will also collectively forfeit 155,000 in unexercised stock options. Kreinberg, to pay to Comverse $1 million" by the later of either August 30, 2010 or thirty days after the derivative lawsuits and class action lawsuits are finally dismissed.

The derivative lawsuit settlement stipulation also provides that "Comverse shall cause Comverse’s insurance carrier, on behalf of the Individual Defendants except for Mr. Finally, Comverse agreed to adopt or to keep in place certain corporate governance reforms.

The derivative lawsuit stipulation of settlement (which can be found here), is dated December 17, 2009, the same day as the class action lawsuit settlement was announced.

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The suit claims Wilson Sonsini Goodrich & Rosati committed legal malpractice by giving its approval to backdated stock options, the Recorder reports.The suit also claims the law firm gave bad advice on a settlement proposal in another derivative case.Several individual defendants who had served on Comverse’s compensation committee will also collectively forfeit 155,000 in unexercised stock options. Kreinberg, to pay to Comverse $1 million" by the later of either August 30, 2010 or thirty days after the derivative lawsuits and class action lawsuits are finally dismissed.The derivative lawsuit settlement stipulation also provides that "Comverse shall cause Comverse’s insurance carrier, on behalf of the Individual Defendants except for Mr. Finally, Comverse agreed to adopt or to keep in place certain corporate governance reforms.The derivative lawsuit stipulation of settlement (which can be found here), is dated December 17, 2009, the same day as the class action lawsuit settlement was announced.

million" by the later of either August 30, 2010 or thirty days after the derivative lawsuits and class action lawsuits are finally dismissed.

The derivative lawsuit settlement stipulation also provides that "Comverse shall cause Comverse’s insurance carrier, on behalf of the Individual Defendants except for Mr. Finally, Comverse agreed to adopt or to keep in place certain corporate governance reforms.

The derivative lawsuit stipulation of settlement (which can be found here), is dated December 17, 2009, the same day as the class action lawsuit settlement was announced.

The settlement consists of a number of different components, the most significant of which is Alexander’s agreement to pay the million to Comverse.

I hope some of us can be forgiven for being confused about which lawsuit produced the million payment.

Setting the million aside, the other benefits to the company from the derivative settlement appear, at least relative to the size of the derivative plaintiffs’ .35 million attorneys’ fees, relatively modest.

Brocade’s CEO, Gregory Reyes, has been sentenced to 21 months in prison for backdating stock options.

The law firm that filed the derivative suit is Johnson Bottini of San Diego.

As reflected in the company’s December 18, 2009 filing of Form 8-K (here), Alexander is to pay the million into the derivative settlement fund and then the amounts are to be transferred to the class action settlement fund.