New York - A shareholder lawsuit targeting Apple over its stock options granting practices will be led by the New York City Employees' Retirement System, the pension fund's law firm told Reuters.

The pension fund holds around 1 million Apple shares, worth an estimated $87 million.

Apple said it would take an $84 million charge related to its "backdating" of stock options to make them more valuable to employees -- including CEO Steve Jobs.

An internal investigation conducted by Apple into the matter found no wrongdoing by the company's current management, including Jobs. The Apple CEO was questioned by federal investigators last week, according to media reports that cited unnamed lawyers.

Some 160 companies have either launched internal investigations or are the subjects of federal probes into "backdating" of stock options.

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