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Kudos to the folks out at Cooley Godward, who, after a years-long battle, have managed to extricate Kent Roberts, the former GC of Mc Afee, out of a whole heap of potential trouble related to stock-options backdating.

On Thursday, the SEC dropped its charges against Roberts.

Backdating an option to buy company stock is not illegal in itself, but it is illegal to make false statements in government and company records about the practice.

Roberts's lawyer, Stephen Neal, has said Roberts's attorneys will "vigorously defend" Roberts against the charges.

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