Monster settles with SEC over stock options

20 May 2009

Monster Worldwide has settled with the SEC regarding the Commission’s inquiry into the Company's stock option granting practices and related accounting between 1997 and 2005.

Monster didn’t admit or deny any wrongdoing in response to the allegations in the SEC complaint filed today, but it did agree to pay a $2.5 million penalty Monster’s new management team coopera

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.