Second Shareholder Suit Accuses 12 Affy Officials Of Profiting From Backdated Stock Option Grants | GenomeWeb
A second shareholder has sued Affymetrix and certain company officials for allegedly improperly backdating stock option grants, according to court documents obtained by BioArray News.
The suit, filed Sept. 13 in the US District Court for the Northern District of California, accuses 12 Affy officials of diverting “hundreds of millions of dollars of corporate assets to themselves via the manipulation of grant dates associated with hundreds of thousands of stock options granted to Affymetrix insiders.”

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