Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

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

 

Facebook activity

Latest Commented Articles

Recent Comments