SEC Requests Information on Electronic Arts Stock Option Grants

Authored by Mark Hefflinger on September 22, 2006 - 11:19am.

Redwood City, Calif. - Video game publisher Electronic Arts has joined the ranks of fellow publishers THQ, Take-Two and Activision, who have all received requests from the SEC for information regarding their granting of stock options to employees. The SEC is investigating more than 100 firms that may have "backdated" stock options, or changed the date on which they were granted in order to increase their value for employees. Redwood City, Calif.-based EA said in July that its own internal review of its stock options granting practices revealed no irregularities. The company separately announced that a lawsuit filed by a pension fund against EA, alleging improprieties in its stock options grants, has been voluntarily dismissed by the plaintiff.
http://biz.yahoo.com/e/060920/erts8-k.html
http://biz.yahoo.com/rb/060920/media_electronicarts.html?.v=1 (Reuters)
http://biz.yahoo.com/ap/060920/electronic_arts_stock_options.html?.v=1 (AP)