Is this a bombshell or what? Do the many, many former and current employees of Sapient, most of whom were stuck with oodles of worthless options, have any recourse now? Is there a class action lawyer in the house?
Many, many purchased shares under the ESOP. So, they were shareholders who may have been defrauded. Many, many also chose, under a good deal of pressure, to forgo cash bonuses and other compensation in favor of options (without the benefit of back-dating.