About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

Advertising

As an Amazon Associate, we earn commission from qualifying purchases.





Activision Sued By Shareholder Over Stock Options

by Rainier on July 19, 2006 @ 4:50 a.m. PDT

A regulatory filing with the SEC reveals that Activision has been sued by one of its shareholders over its issuance of stock options, in particular backdating, a practice that involves changing the date of a stock option from the day it was actually issued to an earlier date, usually when the stock was trading at a lower price, which makes the option more valuable. As many as sixty companies are currently under investigation for similar practices.
A regulatory filing with the SEC reveals that Activision has been sued by one of its shareholders over its issuance of stock options, in particular backdating, a practice that involves changing the date of a stock option from the day it was actually issued to an earlier date, usually when the stock was trading at a lower price, which makes the option more valuable. As many as sixty companies are currently under investigation for similar practices.
blog comments powered by Disqus