Archive for April 17th, 2007

SEC Subpoenas Nu Horizons

Yesterday the SEC issued a subpoena to Nu Horizons (NUHC) for documents related to business with Vitesse Semiconductor (VTSS.pk). The motive for the subpoena is not public but I suspect it is to understand the mechanics of the transactions between the two companies that enabled Vitesse to engage in bad financial behavior.

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WSJ Wins Pulitzer for Backdating Investigation

The Wall St. Journal published an article on March 16, 2006 that uncovered the issue of stock option backdating. They were awarded the Pulitzer prize yesterday for this coverage. I’ve opined on the issue at length and written about many of the companies impacted.

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