Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2009
SEC settlement with former CFO
Former CFO Sharlene Abrams settled SEC charges involving backdated option grants and agreed to disgorgement and a civil penalty.
2009
Charges against Susan Skaer dismissed
A federal judge dismissed the SEC's charges against Susan Skaer, who later used the name Susan Skaer Tanner.
2007
SEC civil fraud case and settlement
The SEC filed civil fraud charges concerning stock-option practices, executive transactions, and related disclosures. Mercury agreed to pay a $28 million civil penalty to settle the Commission's charges without admitting or denying the allegations.
2006
Financial-restatement failures and Nasdaq delisting
Mercury missed a further deadline to restate its financial statements and was delisted from Nasdaq. The company traded on the Pink Sheets while it remained independent.
2005
Stock-option dating investigation
A company special committee identified 49 cases in which the stated dates of stock-option grants differed from the dates on which the grants appeared to have been made. The investigation concluded that the discrepancy generally produced more favorable pricing for recipients and led to the resignation of three senior executives.