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Redback Networks (RBAK Quote) said late Friday that it received an informal request from the Securities and Exchange Commission and a subpoena from the U.S. Attorney's Office for Northern California, both of which want information about the company's past stock option awards.
Shares of Redback fell 89 cents, or 4.9%, to $17.45 in premarket trading Monday.
The networking company said it plans to cooperate with the matters. Additionally, Redback's audit committee has started an internal review and analysis of its historical option grants. ...
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