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SEC charges 2 former Apple executives

Last updated: 2007-04-24

SEC charges 2 former Apple executives
2007-04-24

Event
Stock Option Backdating Scandal
Company
Apple Inc
The Securities and Exchange Commission filed civil charges Tuesday against two former Apple Inc. officers over their alleged roles in backdating stock options. The agency immediately announced a settlement with one of them.
Former Chief Financial Officer Fred Anderson agreed to pay about $3.5 million in fines and penalties to settle the case, the SEC said.
The case against former general counsel Nancy Heinen will proceed. Her attorneys have vowed to fight the charges.

Options Stock Option Backdating Scandal
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