Feeds

DoJ ends Apple backdating probe

Jobs returns to special diet in peace

Secure remote control for conventional and virtual desktops

The US Justice Department has withdrawn its probe into illegal backdated stock options at Apple, and will not bring charges against Steve Jobs and other executives, according to reports.

Neither Apple nor the DoJ has yet announced the end of the criminal investigation, but attorneys in the case told Reuters and The Wall Street Journal they were notified the probe has been dropped.

The US Securities and Exchange Commission has already ended its inquiry into the matter after charging former chief financial officer Fred Anderson and former General Counsel Nancy Heinen.

Anderson settled with the SEC for $3.5m without admitting wrongdoing, while Heinen denied tampering with Apple's accounts and is still contesting civil charges.

After an internal investigation, Apple claims the rest of its house was unaware of the accounting fraud. Although one of the illegally backdated grants was issued to Jobs, it was subsequently canceled and "resulted in no financial gains to the CEO," according to the company.

Anderson, Heinen, Jobs, and four additional members of Apple's board of directors have also recently been named in a class action lawsuit filed in June 27 by two Apple stockholders. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?