Research In Motion announced today that RIM and four of its officers, Jim Balsillie, Mike Lazaridis, Dennis Kavelman and Angelo Loberto, have entered into settlements with the Securities and Exchange Commission (the "SEC") that resolve the previously-disclosed SEC investigation of RIM's historical stock option granting practices.
Messrs. Balsillie, Lazaridis, Kavelman and Loberto also agreed to monetary penalties totaling US$1.425 million.
Here is the full release.
Tuesday, February 17, 2009
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