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Jobs, Apple Brass Summoned to Testify in Backdating Suit
Posted by Bob on: 2008-04-24 18:24:04 [ Print | Permalink ]

The Boston Retirement Board is pursuing a stock option backdating lawsuit against Apple, and has issued summons to testify to CEO Steve Jobs as well as several other current and former board members from the company. The suit alleges that the company's accounting practices cost over $105 million in extra value for backdated stock options issued to Jobs.

>> Jobs, Apple Brass Summoned to Testify in Backdating Suit


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News Source: MacNewsWorld

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