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$100 million? RIM reaches agreement with Ontario Securities Commission

By John Connors ⋅ February 3, 2009 ⋅ Post a comment

jimmikeRemember a few days ago when the Ontario Securities Commission went after RIM’s co-CEO’s, Jim Balsillie & Mike Lazaridis for a record $100 million penalty from for their 1996 stock option accounting controversy.

RIM has reached a settlement with the OSC and just needs final approval. A hearing has scheduled for February 5th – unfortunately no terms have been released to the public yet. I’m guestimating it will come in about half.

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