Comments on: Canadian regulators seeking C$100 million from Balsillie, Lazaridis

By: RIM reaches potential settlement with OSC | BlackBerry Cool

RIM reaches potential settlement with OSC | BlackBerry Cool — Wed, 04 Feb 2009 17:47:12 +0000

[...] settlement with RIM’s co-CEO’s Mike Lazaridis and Jim Balsillie following their investigation into a stock option scandal dating back to 1996. The Ontario Securities Commission said in a statement on Tuesday that it would [...]

By: Balsillie receives award amid allegations of financial impropriety | BlackBerry Cool

Mon, 26 Jan 2009 17:40:19 +0000

[...] additional poignancy because it came on the same day news broke that Canadian regulators were seeking C$100 million from Co-CEO’s Balsillie and Mike Lazaridis for their role in a stock option accounting controversy dating back to 1996. While the luncheon [...]

By: Oh snap! VeriSign buys Certicom for C$92 million | BlackBerry Cool

Oh snap! VeriSign buys Certicom for C$92 million | BlackBerry Cool — Fri, 23 Jan 2009 15:34:06 +0000

[...] takeover bid of Certicom due to a Superior Court Order. Then, news breaks that RIM’s co-CEOs Mike Lazaridis and Jim Balsillie may be dinged for up to C$100 million for a backdating scandal (it looks like Balsillie may also have to step down from the Board of Directors). To close out the [...]

By: Tessa

Tessa — Thu, 22 Jan 2009 20:39:28 +0000

As a result of all this will regular employees have to refile tax returns to pay back the tax benefits they got when cashing in their stock options? And if so, for how many years back would they have to do this?