Corporate
Sep. 8, 2010
Embarcadero Backdating Case Opens
Trial began Tuesday in the SEC's civil stock options backdating case against the former controller of software company Embarcadero Technologies Inc.
By Rebecca Beyer
Daily Journal Staff Writer
SAN FRANCISCO - Trial began Tuesday in the SEC's civil stock options backdating case against the former controller of software company Embarcadero Technologies Inc. The commission has charged Michael C. Pattison with participating in a scheme to defraud shareholders by failing to properly account for millions of dollars in expenses associated with backdated options. Two former Embarcadero execu...
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