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Of the 151 stock option backdating litigation observations, 53 were parallel (they included both private securities class actions and derivative lawsuits) and 98 were derivative-only.
In 29 of the 53 parallel litigations (that included private securities class actions), i.e.
In contrast, 65% of the litigation observations were derivative lawsuits (without any private securities class actions).
These results were significant in multiple regression with control variables, at a probability value of .067.
Nearly 40 directors and officers have resigned as a result of these investigations.