Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 26 May 2008 10:38

Apple can't be sued by the Big Apple

Written by Nick Farell

Image

No harm over stock


A federal judge has told a pension fund that it cannot sue Apple over its dodgy share dealing between top managers.

The fund, owned ironically by New York City (the Big Apple), has been trying to sue Apple Inc. over backdated stock options to prove that the company’s directors allegedly wasted more than $105 million on the extra value of backdated stock options granted to CEO, Steve Jobs.

Judge Jeremy Fogel decided that that since the pension fund had actually profited from its million shares of Apple’s stock, which have risen dramatically in value in recent years, it had not suffered from any dodgy dealing.

The pension fund is considering appealing the ruling.
Last modified on Tuesday, 27 May 2008 13:05

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments