Securities
Oct. 2, 2010
Apple Settles Options Backdating Suit
Apple Inc. has settled the last of the lawsuits filed against it over stock options by agreeing to pay $14 million to investors who bought shares before the company's 2006 revelation that it backdated them.
Daily Journal Staff Writer
Apple Inc. has settled the last of the lawsuits filed against it over stock options by agreeing to pay $14 million to investors who bought shares before the company's 2006 revelation that it backdated them.
The Cupertino-based technology giant also is setting aside $2.5 million in charitable donations for corporate governance programs and paying $2.45 million in attorneys' f...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In