According to people with knowledge of Apple's situation, federal prosecutors are examining administrative documents that were apparently falsified by company officials to maximize the profits of option grants to executives. The faked documents could be a key issue for government officials deciding whether to pursue the Apple case as a criminal matter. There is also speculation that prosecutors are focusing on ex-GC Nancy Heinen and ex-CFO Fred Anderson. Meanwhile, CEO Steve Jobs has hired his own counsel.
December 27, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
It must be some consolation for Apple Computer that the company’s annual report is going to be published during the slowest news week of the year.
Given the uncomfortable admissions about its past stock options practices — and the cost to the company — that Apple will have to make in the delayed SEC filing due by Friday, less public attention is probably a good thing.
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