Feeds

Apple pays off pension fund

And promises to behave better in future

Beginner's guide to SSL certificates

Apple has paid $14m to a New York pension scheme to end a lawsuit over its backdating of share options for Steve Jobs and other executives.

The company has already paid to end investigations into backdating by the Department of Justice and other shareholders.

Apple is paying $14m for shareholders in the New York City Employee's Retirement System.

Apple also promised to improve its corporate governance practises and compliance checks. It will also hand over $2.5m to corporate governance classes at Columbia School of Law and Stanford, MarketWatch reports.

Apple is also picking up the $4m bill that the lawyers have racked up during the four year case.

The company has already coughed up cash to end investigations by the Securities and Exchange Commission in 2009. The SEC was concerned that stock options were effectively back-dated, to a time when they were worth less. This is not illegal in itself, but failing to tell the SEC is considered fraud.

In 2008 Apple paid a similar figure to shareholders in California. ®

Beginner's guide to SSL certificates

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
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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?