Hubbell inc and backdating stock options

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Like Jobs, she is said to be a tyrannical, if genius, business leader.As the co-founder and former CEO of Martha Stewart Living Omnimedia .Take the beloved and equally reviled Martha Stewart.In the 1990s, Stewart was revered for her homemaking skills, her cookbooks and TV shows, and the empire built around the Martha Stewart brand.As criminal securities-fraud cases go, prosecutors obviously felt they had a solid case in which they could prove intent, the toughest burden faced in criminal cases.But their weightiest charges of securities fraud were thrown out.In other words, there seem to be an awful lot of people around Steve Jobs who have allegedly had problems linked to the backdating of stock options. Jobs is the prodigal son credited with saving Apple, which he co-founded in 1976 with Steve Wozniak, by turning a then-struggling Silicon Valley icon into a consumer-electronics powerhouse after his triumphant return in 1996.The turnaround was masterful; in fact, it's now the subject of business-school case studies.

Altschuler has successfully litigated cases relating to multi-billion dollar buyouts, investment stakes, tender offers and contests for corporate control, breach of fiduciary duty, financial and accounting fraud, insider trading, requests for company books and records, stock ," an executive summary that includes a collection of 57 case summaries and litigation updates reporting on complaints, motions, briefs, other pleadings, settlements and rulings involving stock options backdating litigation.The Court considered the construction of the whole policy and held that the exclusion clause took effect on the backdated date chosen by the parties.Although backdating is generally permissible under the common law, a court will not give effect to backdating where the parties backdated the contract to mislead a third party.However, to the company's disappointment, these employees were not hired until after the company's current employees filed their application to unionize, making the new employees unable to participate.To cure this deficiency, the company, and their solicitor, backdated the contracts of the newly hired employees to a date before the application to unionize.

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