The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into DENDREON CORP

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Re: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into DENDREON COR

Heard from someone who said they contacted the law firm who said:
the investigation "is in regards to the excess compensation given to certain company execs"

You can only hope they will be investigating compensation vs. what the executive did/does for the company. They can start with the corporate communications executive position and investigate what that title does on a daily basis and what exactly has been communicated to the public.
 






Re: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into DENDREON COR

" Defendants improperly transfered 474,549 shares of restricted stock in contravention of the terms of the incentive plan. During the past 3 years 474,549 shares of restricted stock that do not contain any forfeiture conditions whatsoever whether service backed or performance based as expressly required by the plan.To the contrary these shares of restricted stock immediately vested and became sellable on the date of the grant. Defendants placed their own interests ahead of the company and it's shareholders".
 






Re: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into DENDREON COR

They should take away communication director's free shares IMHO. What the fuck does she do anyway? Did all those executives leave because they were given free shares improperly and wouldn't be able to sell them? Law firm seems to be implying free shares were given when they should have been restricted shares.
 






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