What is backdating stock Chatmate cam sex
The act of dating a document before the date it was actually signed.
For example, if one signs a contract on February 1, one may backdate it to January 31.
"It is now the task of each of us to redouble our efforts to repair that damage, to recommit ourselves to the administration of true justice and to fully restore the confidence and trust of the citizens of our court.”A long-time Raleigh attorney whose practice handled more than 2,000 cases each year, Crouch was also disbarred as part of his plea deal with prosecutors."I stand before you, judge, a man who's been disgraced, humiliated and had stripped away from my soul any dignity that I've earned in my life," Crouch told Ridgeway before sentencing.
"I have lost my reputation, my livelihood, my name and the trust of my fellow man. I've embarrassed and humiliated my wife and my family, and I've caused a lot of pain and embarrassment to my profession. You don't have to tell me, I know."Defense attorney Joseph Cheshire said Crouch had become arrogant and took on too many cases, took shortcuts and made serious mistakes."James Crouch would come into this courtroom and act like he was the man," Cheshire said. He took way too many cases because that was his way to prove that he was the man when, in, fact, he wasn't." Witnesses testified during the two-day sentencing hearing this week that many of Crouch's clients in the questionable cases paid him an extra 0 to change the date of their DWI conviction using a legal action to correct clerical errors called a "nunc pro tunc" order and that former District Judge Kristin Ruth unknowingly signed off on the orders.
Backdating is usually illegal; for example, one may use backdating to evade taxes.
SEC Chairman Christopher Cox recently stated that the proposed SEC rules on disclosure of executive compensation will “almost certainly address options backdating explicitly.” I. Companies have considerable discretion in determining the timing of stock option awards.
The negative effects on shareholder value are significant cause for concern.