
McAfee has taken two major steps toward closing the stock-option backdating scandal that has plagued the company for the past two years. On Friday, the security vendor filed 10 years' worth of restated financial reports, a process that was set off by the scandal.
The company also said it had reached a tentative settlement in a class-action lawsuit relating to its accounting practices. Charges for the restatement will be $137.4 million. McAfee has also set aside <A HREF="http://www.cio.com/article/167701/McAfee_to_Pay_._Million_to_Settle_Backdating_Lawsuits">$13.8 million to cover lawsuits</A> filed in 2006 on behalf of McAfee shareholders, the company said in a statement released on Friday.