| Adler and Manson > Legal Articles & News > Legal News > After Delays, KLA Backdating Suit Settles |
After Delays, KLA Backdating Suit SettlesFormer KLA-Tencor Corp. executives have agreed to settle a lawsuit over stock option backdating after four years of torturous litigation, according to a court filing Monday. About $33 million in cash will be paid by the executives and the California company's insurer to KLA, according to lawyers briefed on the settlement, who requested anonymity because details of the deal haven't been made public. The deal has been a long time coming. Article published by Law.Com Archive |
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