Apple, Steve Jobs, Executives, Board, Sued For Securities Fraud

[chagla]

source - http://www.informationweek.com/news/management/legal/showArticle.jhtml?articleID=208802018


just click and read. not bothering to copy and paste.
i did try to find something on this topic on macrumors site but oddly there was nothing! *winks*

 

[clevin]

idk

Plaintiffs Martin Vogel and Kenneth Mahoney, through their attorneys, charge that Apple, the above-named executives, and board members William V. Campbell, Millard S. Drexler, Arthur D. Levinson, and Jerome B. York participated in a scheme to file false financial statements, thereby concealing millions of dollars in executive compensation though the backdating of stock option grants.

 

[JNB]

Someone needs to school the Plaintiffs and their counsel on the difference between paper and actual gains & losses, as well as causation vs. correlation. Shysters & opportunists, the lot of 'em.

 

[IJ Reilly]

At first blush, I say good luck to these plaintiffs (without sincerity of course). The SEC has apparently decided not to pursue any charges against Jobs or the board, so it remains to be seen what facts they will have at their disposal.

I wonder, as a stockholder who doesn't feel defrauded, do I get any say in this lawsuit?