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Law Practice

Jul. 27, 2007

SEC Charges Ex-CEO With Backdating

SAN JOSE - Six years ago, the general counsel of a San Jose semiconductor company warned his boss that backdating stock-options grants "raises substantial risks under securities and tax laws," according to a Securities and Exchange Commission complaint filed Wednesday.

By Craig Anderson
Daily Journal Staff Writer

      SAN JOSE - Six years ago, the general counsel of a San Jose semiconductor company warned his boss that backdating stock-options grants "raises substantial risks under securities and tax laws," according to a Securities and Exchange Commission complaint filed Wednesday.
      But former KLA-Tencor Corp. Chief Executive Officer Kenneth Schroeder...

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