Legal Opinion
Ryan v. Gifford
Court of Chancery of Delaware
Decided February 6, 2007No. Civil Action 2213-NPublishedCited by 147 opinions
1Opinion of the Court
OPINION
CHANDLER, Chancellor.
On March 18, 2006, The Wall Street Journal sparked controversy throughout the investment community by publishing a one-page article, based on an academic’s statistical analysis of option grants, which revealed an arguably questionable compensation practice. Commonly known as backdating, this practice involves a company issuing stock options to an executive on one date while providing fraudulent documentation asserting that the options were actually issued earlier. These options may provide a windfall for executives because the falsely dated stock option grants…
2Cases cited20 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Savor, Inc. v. FMR Corp.Supreme Court of Delaware · 2002
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
15 more not listed; retrieve them via the Exa API.
3Cited by147 opinions
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- Desimone v. BarrowsCourt of Chancery of Delaware · 2007
- In Re Tyson Foods, Inc. Consolidated Shareholder LitigationCourt of Chancery of Delaware · 2007
- McPadden v. SidhuCourt of Chancery of Delaware · 2008
- Ryan v. GiffordCourt of Chancery of Delaware · 2007
142 more not listed; retrieve them via the Exa API.