LOS ANGELES - Members of the board of directors of MRV Communications Inc. will pay $3 million to settle claims that they engaged in an illegal stock options backdating scheme, according to a motion for preliminary approval of settlement filed March 1 in California federal court (In re MRV Communications, Inc., No. CV 08-3800 GAF $(RCx$), C.D. Calif.; See June 2010, Page 43)....(read more)![]()
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