Back dating options legal

The Center for Class Action Fairness would love to object to such a blatantly illegal settlement.

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It distracted not only the media and the public, but the regulators and courts as well.We'd all have been better off if backdating was seen for what it really was: a rational response to an irrational accounting rule.Anyway, Apple was alleged to have backdated a number of options.Typically, the grant date of the stock options is the same as the date of the board meeting.

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This is important to note, because the grant date is what determines the exercise price on the options.How It Works For example, let's assume that John Doe is the CEO of Company XYZ.

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