Prosecution in KB Home Backdating Case Takes a New Tack: Personal Gain

, The National Law Journal


With the KB Home case, prosecutors hope to improve their dismal trial record in stock-options backdating cases. Of the five cases that have gone to trial, one ended in acquittal, one collapsed, and one of the three convictions was reversed. Prosecutors are focusing the case on CEO Bruce Karatz's profit from the backdated options. It's a relatively new strategy that emerged last month in the government's retrial of former Brocade CEO Gregory Reyes, whose prior conviction was reversed on appeal.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202445793620

Thank you!

This article's comments will be reviewed.