Serving as Lead Counsel in Monson v. Friedman, et al., Levi & Korsinsky received final approval of a settlement providing for the recession of 63,714 stock options that had been granted to the company’s chairman, president and CEO in excess of the company’s shareholder-approved equity compensation plan, a twelve-month moratorium on stock option grants to the company’s chairman, president and CEO, and other significant corporate governance reforms, including the creation of a committee of independent directors to review the company’s equity based compensation practices. The Stipulation of Settlement and Notice to Class Members can be viewed here.
