Tag archive: Heinen

Apple's long-festering stock-option backdating scandal may finally be put to rest: former Apple general counsel Nancy Heinen has settled with the SEC for $2.2 million. Back in April 2007, Heinen and former Apple CFE Fred Anderson were sued by the SEC for fraudulently back-dating sizable stock options grants to Apple executives—including Apple CEO Steve Jobs. Although options back-dating isn't illegal, its real impact on a… Read More

Despite the U.S. holidays, Apple has managed to eke out two important legal victories that remote a couple clouds from the company's future. First, the company has entered into a settlement with Burst.com over a long-running patent dispute concerning compressed media used in iTunes, Apple's iLife application suite, and the ever-popular iPod music player. Second, a judge has dismissed a a lawsuit against the company alleging Apple… Read More

Apple CEO Steve Jobs has reportedly been issued a subpoena by the U.S. Securities and Exchange Commission as its moves forward in its case against former Apple general counsel Nancy Heinen in the company's stock option backdating scandal. Heinen is currently being sued for allegedly backdating share grants of Apple stock, including a 7.5 million share-option grant to Steve Jobs in 2001. Apple's own investigation into the… Read More