Friday, April 6, 2007
SEC Rule 102(e) Proceeding Against Former GC at Monster
The SEC issued an Order Instituting Administrative Proceedings Pursuant to Rule 102(e) of the Commission's Rules of Practice, Making Findings, and Imposing Remedial Sanctions Order) against Myron F. Olesnyckyj. Olesnyckyj served as General Counsel of Monster Worldwide, Inc. from 1994 until Nov. 21, 2006. The Order finds that a final judgment was entered against Olesnyckyj permanently enjoining him from violating the federal securities law and from acting as an officer or director of a public company, stemming from his involvement in backdating stock options at Monster. Based on the Court's entry of an injunction against Olesnyckyj, the Order suspends Olesnyckyj from appearing or practicing before the Commission as an attorney. Olesnyckyj consented to the issuance of the Order without admitting or denying any of the findings. (Rel. 34-55587; AAE Rel. 2593;File No. 3-12609)
http://lawprofessors.typepad.com/securities/2007/04/sec_rule_102e_p.html