Pediatrix Accused of Backdating Stock Options

WEST PALM BEACH, Fla. (CN) - Pediatrix Medical Group intentionally backdated stock options, causing the neonatal service provider to understate its expenses and overstate its pre-tax income by about $8.8 million, the Securities and Exchange Commission claims in Federal Court.

The SEC charges Pediatrix with violating the antifraud, reporting, books and records, and internal controls provisions of federal securities laws.

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