Report: Ex-Apple exec hires legal team

Former Apple Computer general counsel Nancy Heinen has assembled a team of lawyers to represent her in the ongoing investigation into the Mac maker's stock options practices, according to a report Wednesday in The Recorder, a San Francisco Bay Area legal newspaper.

According to the report, Heinen has hired high-profile defense attorney Cristina Arguedas, as well as Miles Ehrlich, a former head of the white-collar division at the U.S. Attorney's Office in San Francisco. Heinen abruptly left Apple in May.

Apple said last week that it will likely following fresh discoveries of options-related irregularities and warned investors not to rely on earnings statements dating back to September 2002. In June, Apple said an internal investigation had "discovered irregularities related to the issuance of certain stock option grants made between 1997 and 2001."

Featured Video

Who does it better? Apple Pencil vs. Surface Pen

The Apple Watch 2 is in development. The Apple Pencil and Surface pen go head-to-head and our NBA 2K16 giveaway!

by Brian Tong