U.S Justice Department Spares Steve Jobs et al in Stock Backdating Case
U.S Justice Department Spares Steve Jobs et al in Stock Backdating Case
Posted 07/11/2008 at 5:20pm
| by Pulkit Chandna
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Earlier this month, we reported that disgruntled Apple shareholders had filed a class-action suit against Steve Jobs and other Apple bigwigs. They had alleged that the defendants including Steve Jobs were complicit in the backdating of stocks from 1997 till 2001 and had benefited from it wrongfully - at the expense of poor shareholders.
But the U.S Justice Department has decided against pursuing the allegations against Jobs and Co. Previously, an internal probe at Apple and an SEC inquest had both given a clean chit to Steve Jobs in this matter.
Image Credit: ShanaLogic
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david00989
April 17, 2010 at 4:40am
A good read, definitely worth a cut and paste. Thanks!
http://www.lohramiller.com/
festiva_man
July 11, 2008 at 9:40pm
I heard rich people love the Macdaddy. This helps prove the point.
fake gordon mah ung
July 11, 2008 at 8:04pm
Manipulating the the US justice system is a simple task for the Lord of Darkness. I guess his legal counsel was literally the Devil's Advocate.
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