Apple shareholder lawsuit over backdating dismissed
,----[ Quote
| New Apple General Counsel Daniel Cooperman won his first battle on behalf of
| his new company yesterday, successfully convincing a judge to dismiss a
| shareholder lawsuit over Apple's stock-options backdating mess.
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http://www.news.com/8301-13579_3-9818148-37.html
Related:
Options troubles aren't over for Apple
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| But one of the accused -- former Chief Financial Officer Fred Anderson --
| pointed a finger at his former boss, Steve Jobs, raising new accusations
| that experts say could land Jobs in some legal hot water if true.
|
| [...]
|
| Gene Munster, a financial analyst at Piper Jaffray, said Anderson's
| accusations will fuel investors' worries over Jobs and his critical role in
| Apple's continued success.
|
| "It gives the appearance that, 'I had a partner in crime and it was Steve
| Jobs,'" Munster said.
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http://news.yahoo.com/s/ap/20070425/ap_on_hi_te/apple_stock_options
Microsoft's past stock options practice poses questions
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| Microsoft in 1999 announced that it would end a policy of awarding
| options at monthly lows and said it would take a $217 million charge,
| though many details of that discontinued practice haven't been widely
| known, The Wall Street Journal said Friday.
|
| Those details raise questions about how Microsoft began the practice,
| what prompted the company to end it and whether the way the options
| were dated--at 30-day lows the month after they were
| granted--influenced other companies, it said.
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http://news.zdnet.com/2100-3513_22-6084617.html
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