Monster Worldwide (NASDAQ: MNST) is one of the most appalling examples for the backdated options scandal and a case has recently been filed against the Company on behalf of affected shareholders. As you may recall that on June 12, the same day that the Company announced that it had received a subpoena from U.S. Attorney for the Southern District of New York related to its stock option practices, the Wall Street Journal did a story on Monster. The article concluded that there only was a one in nine million chance that the grant dates of the options The Journal examined were selected at random. Not surprisingly, this disclosure resulted in a significant drop in the Company’s stock.
Investors who purchased Monster from May 6, 2005 and June 9, 2006are affected. We are continuing to investigate this matter and affected shareholders may wish to contact us to discuss their options.
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