According to this post, Backdating Options from the Business Law Prof Blog, the "backdating options scandal continues to grow." Looks like "over 2,000 firms may be involved." The post notes: "Lawyers, who should have sniffed out the practice (or may have even participated), are now cashing in as law firms are racking up the billing hours defending firms that may have undertaken the practice."
Less hard-hitting but just as noteworthy is a post from the Wall Street Journal's Law Blog. Check out Backdating: Lawyers' Latest Full Employment Act. The title speaks for itself, doesn't it?
Houston's Clear Thinkers has a different take. Check out What's driving the latest business scandal?, which addresses how the media is handling the scandal.
Who's looking at this issue from the shareholders' perspective? Institutional Shareholder Services is. ISS has dedicated a section of its website to the issue, calling it the ISS Options Backdating Information Center. (Hat tip to Truth on the Market.)
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