Magic Backdating Ink

From The Recorder, the astounding behind-the-scenes details of option backdating follies at Mercury Interactive – details accidentally disclosed by a junior attorney at Mercury’s firm (who was presumably last seen hurriedly packing a suitcase and running for the airport) in a lawsuit filed against former executives by shareholders. You’ll laugh, you’ll cry, and then you’ll probably want to take a shower. WSJ Law Blog here, and WSJ here.