Thursday, September 11, 2008

Apple settles backdating lawsuit for $14 million | Apple - CNET News

Check the full story for more on this weird get-out-of-jail episode

Unless anything else surfaces, this is probably the end of Apple's stock-option troubles, which forced the company to take an $84 million charge in 2006 to properly account for stock option awards that were given to executives with cherry-picked grant dates. No one from Apple's current management team has been charged, and Securities and Exchange Commission cases against former executives Fred Anderson and Nancy Heinen have been settled.

Apple settles backdating lawsuit for $14 million | Apple - CNET News

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