Criminal Probe Ends, but Apple CEO Still Has Hurdles

July 17th, 2008 | Category: Tech Talk

A criminal probe of Apple Inc.’s co-founder and CEO Steve Jobs by stock options tampering is now by, but the potential legal shadow by him and the company isn’t going away just yet.

Although Jobs is not being indicted for his role in Apple’s backdating of stock options grants, he will likely be called to the stand in at least two other cases. And there could be trouble by stock options at Pixar Animation Studios Inc., where Jobs was

additionally chief executive before its buyout by Walt Disney Co. Pixar has said its former chief financial officer could face civil charges from securities regulators.

The biggest options-related issue still looming by Apple is a shareholder lawsuit filed in U.S. District Court in San Jose accusing the company and Jobs of defrauding investors with the company’s backdating practices. Most shareholder lawsuits are settled out of court, but Apple could be forced […]

Orginal post by Top Tech News

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