Sigma agrees never again to do what it denies ever doing(0)
On Friday, Sigma Designs filed a settlement it has reached of litigation filed against it over claims of stock option backdating, which the company completely denies. Then why is it settling?
“Defendants are entering into this Stipulation solely because the proposed settlement would eliminate the burden and expense of further litigation, and without admitting any wrongdoing or liability whatsoever.”
The agreement, which is subject to court approval, includes the cancellation of an option granted to Sigma’s chief executive in January for Read the rest of this entry »
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