MRV's $3M Options Backdating Settlement Gets Green Light

By Ciaran McEvoy ( April 8, 2013, 3:45 PM EDT) -- A California federal judge on Monday gave preliminary approval to a $3 million settlement in a shareholder derivative lawsuit accusing telecom equipment maker MRV Communications Inc. executives of illegally backdating stock options for years and deceiving investors, ruling the proposed deal appeared reasonable....

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