Monster Agrees to $47.5M Settlement
The Boston Globe
August 2, 2008
Christopher J. Keller commented about the $47.5 million settlement in the Monster Worldwide, Inc. Securities Litigation
Still subject to final approval by the court, the settlement requires former Chief Executive Officer Andrew McKelvey to pay $550,000 personally. "When you do have individuals that pay, for obvious reasons, it has much more of a deterrent effect, where it's not being covered by the company insurance," Mr. Keller said.