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The Courts

Apple Shareholder Lawsuit Dismissed 46

explosivejared wrote with a ZDNet article about Apple's win in the shareholder stock-options backdating lawsuit. This jives with Apple's own internal investigation of the matter. "The New York City Employees Retirement System had sued Apple claiming that the company's practice of backdating stock options diluted the value of the stock. Apple has admitted that it improperly backdated stock options on several occasions, including two awards to CEO Steve Jobs, and last December it took a $84 million charge to account for the options. But the suit had to show that Apple shareholders lost money in order to recover damages ..."

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