Thursday, July 13, 2006

Showdown at the Options Backdating Taskforce Corral

According to a post today from WSJ Law Blog, Proskauer Rose LLP has announced the creation of a "Stock Options Task Force." The "special, multi-disciplinary" group of lawyers will work with companies in all matters relating to stock option-related issues.

While it probably wouldn't qualify as a replacement for professional wrestling, now we have the makings of a showdown.

As noted here last month, the plaintiff-side firm of Kahn Gauthier Swick, LLC announced the creation of their own "Options Pricing Investigations Division."

As an aside, I had forgotten that the former "World Wrestling Federation" had been forced to change their name to "World Wrestling Entertainment" after losing an intellectual property case earlier this decade to the World Wildlife Fund.

ADDITION: The D&O Diary also has a post on this showdown.

1 comment:

Mukund Mohan said...

Both these firms are seeing NO work from options backdating. They seem to be ambulance chasers in white collar areas. The Silicon Valley law firms; Cooley, Latham, etc. are raking it in, so these 2 companies issue press releases in desperation.