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To: RockyBalboa who wrote (91532)10/7/2007 6:10:49 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
hmm, well..... violating state laws fiduciary duties and the companies own "internal documents" but not FEDERAL securities laws? That says something right there, especially since the backdating trials in federal court are resulting in huge wins for the govt. This clearly isn't worthy of that- and the bar is pretty low, after all the brocade guy got 12 felony counts for an employee plan with no gains for himself.

The problem is they are trying to go after the executive compensation and there is nothing there legally to charge these guys with- UNLESS as with Apple and Safenet, the execs are piggybacking on the employee plan.

If they go after the CFC employee plan they will win because nobody was expensing employee options. The executives were documented and expensed. Believe me we have so many rabid prosecutors here trying to charge everybody, if they could get the executives standalone they would. Its the employee plans that are the problem.

edit sorry I thought you were replying to a later post of mine.
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