Thursday, May 25, 2006

DOJ STARTING TO CIRCLE -- The timing of stock option grants is getting more and more attention from prosecutors, and Lattman wonders whether DOJ might create a taskforce: "With more than a dozen grand jury subpoenas already issued by the U.S. Attorney’s offices in Brooklyn and Manhattan, those laid back Californians have decided to join the party. Power Integrations announced that on Tuesday it received a subpoena from the Northern District of California related to its stock-option practices. And yesterday, semiconductor equipment manufacturer KLA-Tencor, which has already been subpoenaed by the Eastern District of New York, received another one from the DOJ’s San Francisco office. The companies both said they’re cooperating with the investigations."