Apple is being sued in two separate legal actions over the way that it awards stock options
Lawsuits concern Apple's awarding of stock option grants

Apple sued over stock option awards

Two separate cases brought in the US

Matt Chapman

Apple is being sued in two separate legal actions over the way that it awards stock options. 

The cases have been filed in the US District Court for the Northern District of California and the Superior Court for Santa Clara County

Advertisement

Both suits make claims against current and former officers and directors with respect to the company's awarding of stock option grants.

Apple announced last week that it had discovered irregularities in the issuance of certain stock option grants, and insisted that it is conducting an independent investigation into the matter.

The company said in a statement that it is evaluating its response to the lawsuits.

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Further reading

Apple computers still offer a safe refuge for users looking to evade the onslaught of online threats

Apple's security record unscathed

Malware authors still have no appetite for OS X worms, security firm notes

Apple has released a firmware update for its 17in MacBook Pro notebook designed to silence the computer's noisy fans and solve overheating issues

Apple silences MacBook Pro fans

Firmware update to settle overheating and noise complaints

Apple users 'complacent' about security

Report finds a growing threat to Mac OS

Apple loses web censorship case

Judge overturns AppleInsider and PowerPage rulings

Related whitepapers

Related jobs

Most watched

HTC Hero

Hands on with the HTC Hero

V3.co.uk gets a walk through of the Hero, which includes HTC's new Sense overlay for Android

Xperia X1

Video Review: Sony Ericsson Xperia X1

First Looks Editor Ian Williams gets hands on with the Sony Ericsson Xperia X1

IT white papers

Search white papers

Top categories

Poll

Poll: Summer smartphones

Poll: Summer smartphones

Which smartphone will you be taking to the beach this summer?

View poll results

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Spotlight

HTC Hero

Hands on with the HTC Hero

V3.co.uk gets a walk through of the Hero, which includes...

NetGear ReadyNAS NVX

Review: NetGear ReadyNAS NVX

NetGear's four-bay compact network-attached storage gets a serious speed boost

AMD

AMD adds to six-core Opteron line up

New HE processors promise even lower power consumption

Adobe Systems

Adobe launches ColdFusion 9 and ColdFusion Builder

Firm promises enhanced developer productivity

Primary Navigation