Apple Shareholders Sue Apple - Democratic Underground

Nomad559

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-22-06 07:42 PM
Original message

Apple Shareholders Sue Apple

Apple Shareholders Sue Apple

Apple shareholders have filed suit against the company, in the latest development of the options furore.

The shareholders claim Apple’s CEO Steve Jobs and other Apple executives, changed their option-grant dates to reap "millions of dollars in unlawful profits," and filed "false and misleading statements" with the U.S. Securities and Exchange Commission, according to a Bloomberg News report.

Nasdac has threatened to remove Apple from the stock exchange if the company fails to submit its latest financial report that will explain the reasons for the errors in options accounting.

Apple’s shareholders are likely to lose out if the company is delisted from the stock exchange.

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neilepi

(140 posts) Send PM | Profile | Ignore

Tue Aug-22-06 07:50 PM
Response to Original message

1. Hardly a surprise

For me what is more interesting is how it will be addressed in the latest posts in the (New Fake) Steve Jobs Age 51 1/2 Secret Diary.

Neil

http://www.squidoo.com/Jobs-blog/

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Tue Apr 23rd 2024, 03:12 AM
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