Thursday, September 11, 2008

Apple settles backdating lawsuit for $23 million

Apple settles backdating lawsuit for $23 million
One chapter is coming to an end in ongoing legal battles Apple executives have been fighting over backdated stock options. Pending approval at a hearing in October, the defendants will settle 14 federal and 5 state cases for $14 million, plus attorneys' fees and other costs, creating a total settlement package worth nearly $23 million. The source of the trouble regards the misreporting of backdate...

No comments: