Computer giant Apple is facing a major class action in the latest episode of the backdating share options scandal that has hit more than 150 US companies and an unprecedented number of corporate counsel.The New York City Employees Retirement System pension scheme, which holds $90m (£45m) worth of shares in Apple, was last week appointed as the lead claimant in a class action. The shareholders are demanding compensation for what they allege were illegally-issued stock options.
January 25, 2007 at 02:23 AM
1 minute read
The original version of this story was published on Legalweek
Computer giant Apple is facing a major class action in the latest episode of the backdating share options scandal that has hit more than 150 US companies and an unprecedented number of corporate counsel.
The New York City Employees Retirement System pension scheme, which holds $90m (£45m) worth of shares in Apple, was last week appointed as the lead claimant in a class action. The shareholders are demanding compensation for what they allege were illegally-issued stock options.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
Shipman & Goodwin LLP is seeking two associates to expand our national commercial real estate lending practice. Candidates should have ...
Epstein Becker & Green is seeking an associate to joins its Commercial Litigation practice in our Columbus or Cincinnati offices. Ca...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
