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Posted by / 14-Mar-2016 19:49

Backdating corporate

A little over a week ago a user on the my FICO forums was told by American Express Credit Bureau Unit that as of March 21st, 2015 (this date is based on when American Express first reports your credit card and not when you were approved/received your card) new credit card accounts would not be backdated and the actual approval date would be used.I’ve been reluctant to post anything, as customer service representatives often tell cardholders the wrong information.

For those with an hour to kill thinking about the issues, Jeffrey Kwall and Stuart Duhl wrote an excellent article on backdating that was published in Business Lawyer in 2008.Vitesse Semiconductor was a fabless American semiconductor company based in Camarillo, California, which developed high-performance Ethernet integrated circuits solutions for Carrier, Enterprise networks.On March 18, 2015 Microsemi Corporation and Vitesse Semiconductor Corporation jointly announced that Microsemi would acquire Vitesse. Vitesse was founded by Al Joseph in 1984 as Vitesse Electronics Corporation.For a shorter piece with a few practical tips see Backdating – it’s illegal isn’t it?Setting aside such issues, avoiding unwanted side effects of backdating contracts can be tricky, especially when the purported effective date of an agreement is several months before the date it was actually signed, as can be seen in involves the ownership of a promissory note that was made to a bank in connection with a loan.

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