DALLAS, Aug. 25, 2006 (PRIMEZONE) -- The law firm of Baron & Budd, P.C. is investigating the option-granting practices of Analog Devices, Inc. Baron & Budd has uncovered an apparent scheme by Analog Devices to grant stock options to its executives at unusually favorable dates and prices to the detriment of Analog Devices and its shareholders. During at least a four-year period, Analog Devices issued its executives option grants for millions of shares of stock by retroactively selecting a date when the stock traded at a lower price thereby creating an illicit gain.
If you are a current Analog Devices shareholder and would like to be advised of your rights in this matter, you may contact Baron & Budd, P.C. at the phone number below. You may also visit Baron & Budd online (www.securitiesactions.com).
About Baron & Budd, P.C.
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 80 attorneys and offices in Texas, California, Ohio, Louisiana, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 1-800-222-2766 or visit www.baronandbudd.com. For more information about Baron & Budd's securities litigation practice, please visit www.securitiesactions.com.