“The Justice Department has ended its criminal investigation of backdated stock options at Apple Inc., deciding not to bring charges against the company or several current and former executives it had been probing for two years, people familiar with the case said,” Justin Scheck and Nick WIngfield report for The Wall Street Journal.
“A spokeswoman for the U.S. attorney’s office in San Francisco, which was handling the case, declined to comment. An Apple spokesman also declined to comment,” Scheck and WIngfield report. “A lawyer for Mr. Jobs didn’t return messages late Wednesday seeking comment.”
“Mr. Jobs, Apple board members and several former executives are named in several private lawsuits related to options backdating that still are pending,” Scheck and WIngfield report.
Full article here.
[Thanks to MacDailyNews Readers “Judge Bork” and “Michael B.” for the heads up.]
We knew those “Free Jobs!” T-shirts were a bad idea.
[UPDATE: 11:42am EDT: Fixed issue that prevented Reader Feedback from appearing.]