New and Noteworthy: Former Apple General Counsel may be charged; Apple's ex-CFO settles with SEC; more
Apple's former general counsel may be hit with charges; former CFO Fred Anderson settles; and a new iPod game debuts.
Former Apple General Counsel may be charged Ars Technica reports that the SEC may take action against Apple's former General Counsel Nancy Heinen. "While backdating of stock options isn't necessarily illegal, in this case it does appear to have been done illegally. In particular, Heinen is alleged to have approved the forging of documents involved in the backdating of the options. Rather unsurprisingly, forged documents make backdated options illegal, so Ms. Heinen may have a hard time mounting a defense." More.
Apple's ex-CFO settles with SEC Meanwhile, it looks like former Apple CFO Fred Anderson is settling with the SEC, but admitting no wrongdoing. CNN reports "Anderson agreed to a fine of about $150,000 and to repay option gains of about $3.5 million under the settlement but won't admit to any wrongdoing. [...] Apple said in December it would take an $84 million charge for misdating more than 6,400 stock options." More.
iPod quiz game from Apple debuts Apple has introduced a new iPod game available for purchase through the iTunes Store for $.99. Playlist reports "A trivia game with four built-in games and the ability to download new trivia packs, iQuiz features pop culture questions related to music, movies and TV shows. Music Quiz 2 tests your knowledge of the songs, albums and artists on your iPod." More.
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