Looks like good deals at this company for the lawyers.
Mr. Robert G. Sterne serves as a patent and intellectual property counsel for the Company. In this capacity, the Company paid the law firm Sterne, Kessler, Goldstein & Fox, PLLC of which Mr. Sterne is a partner, fees totaling approximately $2,450,000 for the year ended December 31, 1999. In addition, on November 16, 1999, the Company granted options to purchase an aggregate of 75,000 shares of Common Stock to 10 persons who are members and associates of the law firm. The options are exercisable at $18.75 per share until November 24, 2004. The Company has recorded an expense of approximately $1,014,000 for these options. |
