The more information and evidence you can provide to support your claim, the quicker a decision can be made.However, there may be times when it will be necessary to contact you for more information.For example, if parties clearly reach an agreement on Dec.31, 2009, but do not execute a contract formalizing their agreement until Jan.3, 2010, the contract may be dated as of Dec. This is simply the accurate memorialization of a past event, something that is essential to legal practice.Perhaps the most fraudulent form of impermissible backdating is documenting and dating an act that never occurred. Additionally, backdating is impermissible when the backdated document describes an act that actually occurred, but at a date subsequent to the date of the document, in order to secure benefits to which a party is not entitled.For example, an attorney should never enhance the value of a client’s tax deductions by backdating documents to fraudulently indicate the client purchased the deduction-generating property on an earlier date. 16, 2009 – In recent years, the business media have frequently reported on companies who “backdated” executives’ stock option grants to dates when the stock price was low.Typically, this ensured the options were already “in the money” when the company granted them to employees.
Claims for housing benefit can only be backdated for 1 month for working age claimants.Drafting and executing a document after an event occurs, but in a manner that accurately reflects the date on which the event transpired, is a permissible form of backdating.This is backdating that memorializes, something the United States Court of Appeals for the Seventh Circuit has recognized as a legitimate practice.The media’s coverage of the stock option scandals caused the public to strongly associate backdating with corporate malfeasance.To the layperson, the term “backdating” is merely another word for lying, cheating, and stealing.