A recent flurry of lawsuits by shareholders of Citrix Systems in federal court in Florida alleges that 17 current and former Citrix executives, directors and members of the compensation committee unjustly enriched themselves at the expense of shareholders by receiving stock options at backdated prices. The lawsuits follow the company’s disclosures earlier this year to the Securities and Exchange Commission that it was looking into its stock options granting practices for its executives.
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