Barnes and Noble Admits to Improperly Dated Stock Option Grants
April 05, 2007
The Special Committee established to review Barnes & Noble's stock option practices found instances of both misdated stock option grants and backdating, the company announced. While the gross amount of the price differences was approximately $45.5 million over a ten-year period plus an additional $10 million from BarnesandNoble.com, Barnes & Noble emphasized that the committee did not find and "intent to defraud or fraudulent misconduct by any individual or group of individuals." CONTINUED »
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