Defendant Name:
Pediatrix Medical Group, Inc.
Defendant Type:
Public Company
Document Reference:
LR-20927
Document Details
Legal Case Name
SEC v. Pediatrix Medical Group, Inc. (nka Mednax Services, Inc.)
Document Name
Pediatrix Medical Group Settles Charges of Stock Option Backdating
Document Date
05-Mar-2009
Document Format
Civil Proceeding
Case Number
09-cv-80366
Federal District Court
Florida, Southern District of Florida
Federal District Judge
Kenneth L. Ryskamp
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Cooperation Before the Resolution