Former Mercury Interactive General Counsel Settles Suit Alleging Stock Options Backdating (with Lofchie Comment)

The SEC settled civil fraud charges against Susan Skaer, the former General Counsel and Secretary of Mercury Interactive Corporation, by requiring her to pay more than $850,000 to settle civil charges that she had participated in the improper backdating of stock options.

Lofchie Comment: According to the prior SEC actions in this matter, which are linked to from the Litigation Release, Ms. Skaer did not merely act as a lawyer in this matter; she also received improperly backdated options.

View Litigation Release in full here (links externally to SEC website).