The next day, Jack Waksal called Prudential Securities and placed an order to sell 1,336 shares of ImClone stock from the account of Patti Waksal, Samuel’s sister. Jack Waksal sold a total of 136,000 shares of ImClone stock to avoid financial losses. Each family member sold their stock and as a result of doing so before the FDA announcement, they collectively avoided over millions of dollars in losses...
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ImClone’s stock share price was around $72 per share prior to the FDA announcement on December 28, 2001 and had dropped to about $36 per share by January 2002. (Unknown, 2002) What might motivate an individual or a company to short-cut drug testing that is crucial for FDA approval? Financial pressures on the company could be a significant reason a company would short-cut drug testing...
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A Brief Understanding of Backdating Stock Options Reyes, once listed on the Forbes 400 list, now faces 20 years in prison and a $5 million fine.(2)” Sources: (1) http://news.cnet.com/FAQ-Behind-the-stock-options-uproar/2100-1014_3-6098457...	1 / 252
stock option But if you're lucky enough to have a coupon that lets you buy a Ferrari for a mere $50,000, your piece of paper would have a far more handsome market value of $70,000...	3 / 601
EVA Comparison with Direct Employee Stock Ownership and Option Plans Stock option plans can be a flexible way for companies to share ownership with employees, reward them for performance, and attract and retain a motivated staff...	2 / 439
Probes Of Backdating Move To Fast Track and others involved in backdating are being prosecuted for securities fraud. With so many companies admitting to an improper options practice, investigators have an abundance of possible cases...	2 / 455