“Life for Apple’s lawyers became even busier this week after a fourth lawsuit over stock options allegedly granted on the wrong dates was filed,” Colin Barker reports for ZDNet UK.
Barker reports, “On Tuesday, lawyers acting on behalf of Apple shareholders filed actions against the company claiming that it ‘manipulated options grants to sell more than US$1 billion in company stock,’ according to Bloomberg News.”
“At least three other actions along similar lines have already been placed in U.S. courts. The lawsuits all claim that the company’s chief executive, Steve Jobs, and other executives backdated their share options, and later cashed them in shortly before Apple’s stock price fell,” Barker reports.
Full article here.
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