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Univ. of Toledo College of Law

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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)

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