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Strategies & Market Trends : Option Granting Practices and exploits
AAPL 270.37-0.4%Oct 31 9:30 AM EDT
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To: RockyBalboa who wrote (90)12/8/2006 3:12:09 PM
From: RockyBalboa   of 165
 
JBL Jabil Circuit:

Jabil Circuit provides update on its form 10-K filing (JBL) 28.44 -0.39 : Co announces that it was not able to file its annual report on Form 10-K for its fiscal year ended August 31, 2006 by Nov 29, 2006, the date by which the applicable rules of the SEC required Jabil to file its 2006 Form 10-K in order for it be considered to have filed it in a timely manner. As previously disclosed, Jabil is involved in several shareholder derivative and purported securities class action lawsuits in connection with certain historical stock option grants. Jabil is also responding to an informal inquiry from the SEC and has responded to a subpoena from the U.S. Attorney's office for the Southern District of New York that relate to such grants. Separately, a Special Review Committee of Jabil's Board of Directors was appointed to review the allegations in certain of the derivative actions. Jabil said it is cooperating fully with the Special Review Committee, the SEC and the U.S. Attorney's office. In light of these developments, Jabil, through its legal counsel, assisted by accounting advisors, has been evaluating its historical stock option grant practices. The evaluation is not complete.

(From briefing.com, 2.04)
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