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U.S Justice Department Spares Steve Jobs et al in Stock Backdating Case

Posted 07/11/08 at 08:20:40 PM  by Pulkit Chandna

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Apple emplyees including Steve Jobs spared by U.S Jsutice Department

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 

COMMENTS:3
TAGS: case, apple, legal, law, class-action lawsuit, steve jobs, shareholders
COMMENTS
avatarSay it Murphy!

Submitted by Darth Ninja on Fri, 07/11/2008 - 10:50pm

Steve Jobs is the Devil!

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avatarI heard rich people love

Submitted by festiva_man on Fri, 07/11/2008 - 9:40pm

I heard rich people love the Macdaddy.  This helps prove the point.

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avatarOf course...

Submitted by fake gordon mah ung on Fri, 07/11/2008 - 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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