Apple and the options backdating scandal of the past decade

In the May 15 paper, looking at the settlements to date, NERA found …

apple and the options backdating scandal of the past decade-56

Within recent days, plaintiffs’ lawyers have filed two new options backdating-related derivative lawsuits.

The options backdating scandal may now be well over two years along, but it continues …

have agreed to settle the case for $118 million, to be funded entirely by the company’s D&O insurance carriers.

The settlement does not include the company’s co-founders, Henry Samuels … There is still a raft of unresolved options backdating cases out there, but at least one of the remaining options backdating related securities class action lawsuits has now been settled.

Continue Reading Former Mc Afee General Counsel Kent Roberts, accused of options backdating-related misconduct, was acquitted following a criminal jury trial and the SEC later dropped its separate enforcement action against him.

But that apparently is not enough for Roberts – he wants vengeance.

On September 16, 2009, he filed a lawsuit in the Northern District of …

Continue Reading In what is one of the largest ever shareholders’ derivative lawsuit settlements, the parties to the consolidated federal options backdating related derivative lawsuit involving Broadcom Corp.

Now that the cases are largely resolved, it may be time to calculate the final tally. Continue Reading The options backdating scandal may now be ancient history, but questions surrounding insurance coverage for the scandal’s consequences apparently continue to live on.

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