Securities Law Prof Blog

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

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.

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