Update - Cal. Supreme Court Review Granted

We posted on Schachter v. Citigroup here. The California Supreme Court has decided to review the decision, which upheld Citigroup's stock option plan's forfeiture provisions under California wage and hour law. The court of appeal also said that payment in stock options did not violate Labor Code section 212. Stay tuned for the Supreme Court's view, probably in 2009 or 2010.