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Apple Shareholder Lawsuit Dismissed

Posted by Zonk on from the hard-to-get-anything-past-them dept.

explosivejared wrote with a ZDNet article about Apple's win in the shareholder stock-options backdating lawsuit. This jives with Apple's own internal investigation of the matter. "The New York City Employees Retirement System had sued Apple claiming that the company's practice of backdating stock options diluted the value of the stock. Apple has admitted that it improperly backdated stock options on several occasions, including two awards to CEO Steve Jobs, and last December it took a $84 million charge to account for the options. But the suit had to show that Apple shareholders lost money in order to recover damages ..."

2 of 46 comments (clear)

  1. Re:what i like about slashdot.. by Anonymous Coward · · Score: 0, Flamebait

    Right. You know what I like about slashdot? If this was M$ slashdot would be wanting to sue the shit out of them. Instead it is apple so they can do no wrong. Fuck slashdot.

  2. Re:So basically... by ObsessiveMathsFreak · · Score: 0, Flamebait

    Apple did something wrong.
    Ridiculous! That would violate the Second Law of Mac-tonian Thermodynamics: "The Apple Computer Corporation can only become cooler over time."

    Every fanboy know this.
    --
    May the Maths Be with you!