Teamsters Local 617 Pension & Welfare Funds v. Apollo Group, Inc.
District Court, D. Arizona
1Opinion of the Court
ORDER
ROBERT C. BROOMFIELD, District Judge.
Introduction
Since the publication of a series of Wall Street Journal articles in March 2006, “reporting academic research suggesting that various companies were suspiciously lucky in selecting their option grant dates[,]” In re MIPS Technologies, Inc., 2008 WL 3823726, at *2 (N.D.Cal. Aug.13, 2008), countless lawsuits have been filed across the country alleging backdating of stock options. This is one such lawsuit.
Lead plaintiff, Pension Trust Fund for Operating Engineers (“plaintiff’), “a $3.17 billion pension fund[,]” First Amended Complaint (“FAC”)…
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