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Corporate

Oct. 21, 2010

Backdating Win for Prosecutors in Doubt

When a jury convicted former KB Home CEO Bruce Karatz on four felony counts , the U.S. Attorney's Office appeared to have netted its sole stock option backdating victory. Now, even that seems dicey.

By Gabe Friedman

Daily Journal Staff Writer

LOS ANGELES - When a federal jury convicted former KB Home CEO Bruce Karatz earlier this year on four felony counts, the U.S. attorney's office appeared to have narrowly netted its sole victory in the stock option backdating scandals.

Six months later, federal prosecutors are still fighting to show that backdating stock options - in which executives retroactively selected g...

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