Lieff Cabraser serves as Co-Lead
Counsel in a stockholders' derivative action against
the board of directors of Cablevision.
The suit alleges defendants intentionally manipulated
their stock option grant dates between 1997 and 2002
in order to enrich themselves at the expense of Cableivision
and Cablevision shareholders.
Defendants made it appear as if stock options were
granted earlier than they actually were in order
to maximize the value of the grant. By making it
seem as if stock option grants occurred on dates
when Cablevision stock was trading at a comparatively
low per share price, Cablevision executives were
able to exercise their stock option grants at exercise
prices that were lower than the fair market value
of Cablevision stock on the day the options were
actually granted. |
