HCC Accused In Three Suits Of Backdating

HCC Insurance Holdings Inc. is defending three lawsuits, one a class action, in connection with its admission that executives in the company engaged in backdating stock options that led to restatement

By Mark E. Ruquet | Updated on March 26, 2007

HCC Insurance Holdings Inc. is defending three lawsuits, one a class action, in connection with its admission that executives in the company engaged in backdating stock options that led to restatement of earnings.

The actions were all filed in Houston, where the specialty insurance carrier is based, at U.S. District Court Southern District of Texas. HCC had no comment on the litigation.

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