WASHINGTON AP - Sycamore Networks Inc. and three former executives on Wednesday agreed to settle federal regulators' allegations of improper backdating of stock options from 2000 to 2005.The telecommunications equipment maker was not fined under the settlement with the Securities and Exchange Commission, which cited its cooperation in the agency's investigation.
July 09, 2008 at 12:00 AM
1 minute read
WASHINGTON AP – Sycamore Networks Inc. and three former executives on Wednesday agreed to settle federal regulators’ allegations of improper backdating of stock options from 2000 to 2005.
The telecommunications equipment maker was not fined under the settlement with the Securities and Exchange Commission, which cited its cooperation in the agency’s investigation. The former executives, however, are paying a total of more than $660,000.
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