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Securities

Sep. 17, 2010

Plea Resolves Stock Backdating Case

The San Francisco U.S. attorney's office has struck a plea deal resolving its long-simmering prosecution of a former Mercury Interactive executive for receiving tax benefits from backdated stock option grants.

By Gabe Friedman

Daily Journal Staff Writer

The San Francisco U.S. attorney's office has struck a plea deal resolving its long-simmering prosecution of the former chief financial officer of Mercury Interactive for receiving tax benefits from backdated stock option grants.

In a sign that prosecutors viewed the conduct differently from other cases, former Chief Financial Officer Sharlene Abrams was not charged with securities...

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