Landry's takes $8.6M charge for stock-option mistakes

HOUSTON Landry's Restaurants Inc. reported last week that it would take a non-cash charge of about $8.6 million to correct past stock option accounting errors.

The company also said it could not file its fiscal year 2006 financial results until it completed a second review of past stock option practices, although it did forecast a net loss for the year mainly because of the sale of its Joe's Crab Shack concept in the fourth quarter. The net loss for those discon

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