Vitesse Semiconductor controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2010
Charges against former executives
Former executives Lou Tomasetta and Eugene Hovanec were charged with securities fraud in connection with allegations concerning historical options backdating.
2010
SEC investigation and settlement
Vitesse agreed to pay $3.0 million to the U.S. Securities and Exchange Commission to conclude the agency’s investigation into historical stock-option practices and accounting.
2007
Options-backdating securities-fraud class action
Vitesse paid $10.2 million to settle a shareholder class action alleging that the company had failed to disclose or had misrepresented adverse facts connected with stock-options backdating.