Apple Inc. and several of its officers and directors, including chief executive Steve Jobs, have agreed to settle a stock options backdating case for $14 million. According to court filings, Apple also agreed to pay $7.3 million in attorney fees and $300,000 to plaintiffs in the federal actions, as well as $1.2 million in attorney fees and $50,000 in expenses to plaintiffs in the state cases. The company also agreed to certain corporate governance changes.
Apple to Settle Backdating Case for $14 Million
The National Law Journal
September 10, 2008