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Katten Muchin Rosenman LLP | USA | 19 Jun 2009

Court holds employee stock option plan not a security

Plaintiff brought an action against Coty Inc., his former employer, alleging violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, based on Coty’s purported misrepresentations regarding stock options granted to plaintiff under an employee benefit program.

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