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Stock Option Lawsuits Against Analog Devices and Affiliated Computer Services

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Just a couple of weeks after the SEC announced that they were investigating Computer Sciences Corporation for backdating stock options, it has come to light that Analog Devices (ADI) and Affiliated Computer Services (ACS) have had lawsuits filed against them alleging the same indiscretions. Backdating stock options can be used to artificially lower prices to lock in profits for officers and directors.

If you or a loved one is a current or former employee of ADI or ACS and participate(d) in the companies’ retirement plans, it may be important to contact a fraud attorney to protect your legal rights.