National Law Journal Features Jerry Silk on Stock Options Backdating Litigation Initiatives
June 5, 2006In an article entitled "’Backdated Suits are in Pipeline," The National Law Journal ("NLJ") highlights BLB&G’s recent filing of a shareholder derivative suit against UnitedHealth Group Inc. over stock-options backdating. “I imagine there will be other lawsuits in the near future on behalf of our institutional client base,” comments BLB&G Partner Jerry Silk, lead attorney in the case.
The article discusses the flurry of new cases being filed, similar to the UnitedHealth Group, Inc. Shareholder Derivative Litigation, where executive officers and members of the Boards of Directors of public companies are accused of obtaining, approving, or agreeing to the issuance of unlawfully backdated stocks to senior executives, thereby inflating the compensation of these executives.
On behalf of the five public pension funds it is representing in UnitedHealth, BLB&G is asking that $2 billion in unexercised stock options granted to two executives from 1997 to 2002 be returned to the company.
Also of Interest
The National Law Journal Profiles BLB&G – Winner of Financial Litigation Elite Trial Lawyers Award
December 19, 2016
The National Law Journal Names BLB&G Winner in Financial Litigation as part of its “Elite Trial Lawyers” Practice Area Awards
November 8, 2016
The National Law Journal Names BLB&G "Elite Trial Lawyers" and Top Mortgage-Backed Securities Litigation Firm in the Nation
December 8, 2015
The National Law Journal Again Honors BLB&G as “Elite Trial Lawyers” Practice Area Award Winner
December 6, 2016
The National Law Journal Names Mark Lebovitch and Jeroen van Kwawegen 2018 Plaintiffs’ Lawyers Trailblazers
The National Law Journal Names Max Berger a Litigation Trailblazer
The National Law Journal Again Names BLB&G Among the Nation’s "Elite Trial Lawyers"
October 18, 2016
The National Law Journal Publishes Policy Proposal Urging President Trump to Strengthen the SEC
March 7, 2017
Chambers Ranks BLB&G Nation’s Top Securities Litigation Firm
Benchmark Names Eight BLB&G Partners as Litigation Stars