Washington
- The U.S. Justice Dept. has concluded its criminal investigation into the
stock options granting practices of Apple (NASD: AAPL), and will not bring criminal charges
against CEO Steve Jobs or any other current or former executives, The Wall
Street Journal reported.
Apple admitted that it had "backdated"
certain stock options, or changed the date on which they were granted in order
to make them more valuable to those to whom they were granted -- but maintained
that Jobs was unaware of the accounting implications.
Apple still faces a securities
fraud class action lawsuit in relation to its stock options backdating.
Related Links:
http://online.wsj.com/article/SB121565603712141637.html
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