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Ryan v. Gifford (Maxim Corporate Backdating)

Ryan v. Gifford, et al., Civ. A. 2213-CC (Del. Ch.) (“Maxim”) (Delawarechancery litigation over option backdating; landmark settlement obtaining over $38 million in cash, repricing and repayments, plus corporate governance that affects both legitimate option grant and exercise practices, with unique transparency provisions to ensure that company’s financial statements will reflect what actually occurs).

 

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