Apple sued over stock option awards

 

Two separate cases brought in the US.

Apple is being sued in two separate legal actions over the way that it awards stock options. 

The cases have been filed in the US District Court for the Northern District of California and the Superior Court for Santa Clara County. 

Both suits make claims against current and former officers and directors with respect to the company's awarding of stock option grants.

Apple announced last week that it had discovered irregularities in the issuance of certain stock option grants, and insisted that it is conducting an independent investigation into the matter.

The company said in a statement that it is evaluating its response to the lawsuits.

Copyright ©v3.co.uk


Apple sued over stock option awards
 
 
 
Top Stories
Feeling Shellshocked?
Stay up to date with patching for the Bash bug.
 
Amazon forced to reboot EC2 to patch Xen bug
Rolling restarts over next week.
 
Vodafone reveals plans to store users' online activity
Says retrieval under Govt proposal will impose massive cost.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  66%
 
Advanced persistent threats
  4%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 1347

Vote