Defendant Name:
SafeNet, Inc.
Defendant Type:
Public Company
Document Reference:
LR-21290
Document Details
Legal Case Name
SEC v. SafeNet, Inc., et. al.
Document Name
SEC Charges SafeNet, Inc. and Two Former Senior Officers in Earning Management and Options Backdating Schemes. SEC Also Charges Three Former SafeNet Accountants for Their Roles in the Earnings Management Scheme.
Document Date
12-Nov-2009
Document Format
Civil Proceeding
Case Number
09-cv-02117
Federal District Court
District of Columbia, District of Columbia
AAER
3068
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 12, 2009, the SEC published a litigation release announcing that it filed a settled complaint against SafeNet, Inc., and other individual defendants. According to the SEC: "during the period of the fourth quarter of 2000 through May 2006, SafeNet engaged in two fraudulent schemes -- one involving the backdating of options and the other earnings management."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Cooperation Before the Resolution
Other Defendants in Action:
