Staples backdating settlement dating site puns

Staples said the agreement involves no admission of wrongdoing and is subject to final approval by the Court of Chancery of the State of Delaware.

The jury returned not guilty verdicts on sixteen of twenty counts in the case against Mr.The agreement is premised upon Staples receiving .25 million in insurance proceeds.In addition, plaintiffs’ counsel will apply for a court order requiring Staples to pay up to .5 million in attorneys’ fees and expenses, which Staples has agreed not to oppose.In the settlement, the Commission dropped most of the significant claims.Stockman, Michael Stepp, the former CFO and Vice Chairman of the Board, and David Cosgrove, the former controller, consented to the entry of a permanent injunction prohibiting future violations of Securities Act Sections 17(a)(2) and (3)and the reporting, recordkeeping, internal controls and the making false statements to auditors sections of the Exchange Act.

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