For the last few months, the San Francisco U.S. Attorney's Office has been investigating whether Apple, like so many other Silicon Valley companies, changed the dates on stock option grants to employees in order to maximize executive payouts, according to lawyers familiar with the case. That investigation has chugged along quietly, but behind the scenes, Apple and some of its current and former executives, including a former longtime GC, are hiring some prominent attorneys.
August 09, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
For the last few months, the San Francisco U.S. Attorney’s Office has been investigating whether Apple — like so many other Silicon Valley companies — changed the dates on stock option grants to employees in order to maximize executive payouts, according to lawyers familiar with the case.
That investigation has chugged along quietly, even as Apple has twice made public admissions that it has backdating problems.
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