Defendant Name: Pediatrix Medical Group, Inc.

Defendant Type: Public Company
SIC Code: 8011
CUSIP: 58502B10

Initial Case Details

Legal Case Name SEC v. Pediatrix Medical Group, Inc. (nka Mednax Services, Inc.)
First Document Date 05-Mar-2009
Initial Filing Format Civil Proceeding
Case Number 09-cv-80366
Allegation Type Issuer Reporting and Disclosure
Federal District Court Florida, Southern District of Florida

Violations Alleged

Exchange Act
Sec 10(b) + Rule 10b-5
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 14(a)
Rule 14a-9
Securities Act
Sec 17(a)(1)
Sec 17(a)(2)
Sec 17(a)(3)
Sec 17(a) (Not specified)


First Resolution Date 05-Mar-2009

Related Documents:

comp20927 05-Mar-2009 Complaint
Complaint for Injunctive Relief
The SEC stated: "From April 1997 through August 2000 (the "Relevant Period"), Pediatrix intentionally backdated stock option grants, creating approximately $8,8 million in compensation expense under Generally Accepted Accounting Principles C'GAAP"). However, the Company did not originally record the expense, causing the financial statements Pediatrix filed with the Commission, with respect to the Relevant Period, to materially understate its expenses and overstate its pre-tax income by a total of 6.74 percent."
LR-20927 05-Mar-2009 Litigation Release
Pediatrix Medical Group Settles Charges of Stock Option Backdating
The SEC stated that: "[It] charged Pediatrix Medical Group, Inc. (now known as Mednax Services, Inc.) with backdating stock options grants to executives and employees and with reporting false financial information to shareholders. Pediatrix Medical Group, Inc. ("Pediatrix"), is a physician services provider headquartered in Sunrise, Florida. The Commission's complaint alleges that from approximately 1997 through 2000, Pediatrix, by the actions of a now-deceased former senior financial officer, granted options at below-market prices ("in-the-money" options). Pediatrix has agreed to settle the Commission's charges without admitting or denying the allegations."
court_doc4_09-cv-80366 06-Mar-2009 Court Docket Document
Final Judgment as to Defendant Pediatrix Medical Group, Inc.
On March 6, 2009, the Court issued a final judgment as to Defendant Pediatrix Medical Group, Inc., stating: "Defendant Pediatrix Medical Group, Inc., now known as Mednax Services, Inc. . . . entered a general appearance; consented to the Court=s jurisdiction over it and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."