No Charges for Apple in Stock Probe

In a statement today, lawyers from the the U.S. Justice Department announced they would not file charges against Apple Inc., CEO Steve Jobs, and other current or former executives in a probe of backdated employee stock options. The U.S. Securities and Exchange Commission had previously launched an investigation for backdating options grants to Jobs, but Apple's own probe found no wrongdoing by Jobs or current management, and the SEC later cleared the company after it cooperated with the investigation."There was never any basis to bring charges against Nancy, so it is no surprise that the government reached this conclusion," said Cristina Arguedas, the laywer of Nancy Heinen, Apple's former General Counsel. "We were always confident that after a full and fair review of the facts there could be no other outcome." A spokesman for Apple declined to comment. View: Full Story at Reuters Read full story...

 


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