Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, January 29, 2008

Former SafeNet CFO Sentenced in Backdating Case

Carole D. Argo, former CFO of SafeNet, was sentenced to six months in prison and fined $1 million for her role in backdating millions of dollars' worth of employee stock options.  The judge said he imposed a lenient sentence because of her charitable work; the sentencing guidelines called for 9-10 years.  NYTimes, Backdating Case Brings a Prison Term.

http://lawprofessors.typepad.com/securities/2008/01/former-safenet.html

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