Feeds

DoJ ends Apple backdating probe

Jobs returns to special diet in peace

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The US Justice Department has withdrawn its probe into illegal backdated stock options at Apple, and will not bring charges against Steve Jobs and other executives, according to reports.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

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.