Stock optio investigation delays A le SEC filing

A le's ongoing investigation into its stock option grants has delayed its SEC 10-K filing. The filing, which was due yesterday, may be delayed for as much as a month.

If you recall, A le admitted that employee stock optio may have been been backdated. Companies use backdating in order to lower the a arent value of the i ued stocks. Although news reports suggest this i 't illegal, the backdating has to be accounted for and disclosed to investors and so forth. CEO Steve Jo was reportedly aware of the backdating and A le's investigation is ongoing.