Landan, Ex-Mercury CEO, to Pay $4.5 Million in SEC Accord
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Amnon Landan, former chief executive officer of Hewlett-Packard Co.’s Mercury Interactive unit, will pay $4.5 million to settle claims by U.S. securities regulators that he took part in a scheme to improperly backdate stock options.
Landan will pay $2.3 million to the U.S. Securities and Exchange Commission, representing disgorgement of $1.2 million in profit plus interest and a $1 million fine, according to a filing today in federal court in San Francisco by attorneys for the agency and Landan.