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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mercury Interactive Directors Fined

SAN JOSE (CN) - Three outside directors of Mercury Interactive will each pay $100,000 fines for recklessly approving hundreds of millions of dollars worth of backdated stock options grants to company insiders and signing public filings that contain false and misleading statements. The SEC filed the settled complaint against Igal Kohavi, Yair Shamir and Giora Yaron in Federal Court.

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