Defendant Name: Blue Coat Systems, Inc.

Defendant Type: Public Company

Document Reference: LR-20801

Document Details

Legal Case Name SEC v. Blue Coat Systems, Inc. and Robert P. Verheecke
Document Name Blue Coat Systems and Former CFO Settle Charges of Stock Option Backdating
Document Date 12-Nov-2008
Document Format Civil Proceeding
Case Number 08-cv-05127
Federal District Court California, Northern District of California
AAER 2897
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated that: "[It] charged Sunnyvale, California, network security company Blue Coat Systems, Inc. and its former chief financial officer Robert P. Verheecke, alleging that they backdated stock option grants to executives and employees and reported false financial information to shareholders."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Cooperation Before the Resolution

Related Documents:

complaint_08-cv-05127 12-Nov-2008 Complaint
Complaint
The SEC filed a complaint against Blue Coat Systems, Inc., stating: "From at least 2000 through 2005, Blue Coat Systems, Inc. ("Blue Coat" or the "Company"), a Sunnyvale network security company, illegally backdated stock options granted to Blue Coat employees and executives, concealing tens of millions of dollars in expenses from the Company's shareholders."
2008-266 12-Nov-2008 Press Release--Civil Action
Blue Coat Systems and Former CFO Settle Charges of Stock Option Backdating
The SEC stated that: "[It] charged Sunnyvale, Calif., network security company Blue Coat Systems, Inc. and its former chief financial officer Robert P. Verheecke, alleging that they backdated stock option grants to executives and employees and reported false financial information to shareholders."
court_doc7_08-cv-05127 20-Nov-2008 Court Docket Document
Final Judgment as to Defendant Blue Coat Systems, Inc.
The Court stated that the SEC and Defendant Blue Coat Systems, Inc. "consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this final judgment without admitting or denying 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".

Other Defendants in Action:

Robert P. Verheecke

Related Actions:

In the Matter of Robert P. Verheecke (CPA)
Robert P. Verheecke