A new study suggests that stock option grant data being used to support allegations of backdating may not necessarily be as incriminating as first believed.
A group of consultants with NERA Consulting, an economic analysis firm, has published the third installment of a four-part series analyzing stock grant data to verify assertions that some companies may have illegally or inappropriately backdated stock option grants. The study, “Options Backdating: The Statistics of Luck,” says that some grant patterns that may at first appear extremely unlikely, and therefore seem suspicious, actually are possible.
