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Litigation

Mar. 19, 2013

Former Mercury Interactive GC pays $850,000 in backdating settlement

Susan Skaer, the former general counsel of Mercury Interactive LLC, will pay more than $850,000 to settle a Securities and Exchange Commission complaint, one of the last stock options backdating cases.

By Hadley Robinson
Daily Journal Staff Writer

Susan Skaer, the former general counsel of Mercury Interactive LLC, will pay more than $850,000 to settle a Securities and Exchange Commission complaint, one of the last stock options backdating cases. Skaer was one of the few general counsel accused in the widescale SEC crackdown on the formerly common practice in Silicon Valley of backdating. James N. Kramer of Orrick, Herrington & Sutcliffe LLP represented Skaer, who now works...

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