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Short Take: 3Com sued over board member stock options

3Com has been sued by a shareholder over $7.35 million in stock options given to members of the company's board of directors, Bloomberg reported. In the class-action suit, shareholder David Shaev contends that the networking company misled investors about the value of the options for eight directors, which he called "grossly excessive compensation." 3Com declined to comment.

3Com has been sued by a shareholder over $7.35 million in stock options given to members of the company's board of directors, Bloomberg reported. In the class-action suit, shareholder David Shaev contends that the networking company misled investors about the value of the options for eight directors, which he called "grossly excessive compensation." 3Com declined to comment.