Justice Department ends criminal probe of backdated stock options at Apple and declines to charge any current or former executives, including Steve Jobs, according to a Wall Street Journal report.
Another lawsuit has been filed against the company, charging directors with having wasted shareholder money by backdating stock option grants to executives.
Company behind Grand Theft Auto agrees to pay a $3 million penalty fee to settle its case with the Securities and Exchange Commission, the agency announces.
Co-CEOs Jim Balsillie and Mike Lazardis, along with two other RIM executives, will have to pay the SEC fines for their stock-option backdating practices.
Canada's securities commission approves settlement, but BlackBerry maker also has made settlement offers to U.S. Securities and Exchange Commission.
Canada's Ontario Securities Commission had reportedly been considering a C$100 million fine for RIM's co-CEOs, but a settlement agreement has been reached.
Stock-option backdating troubles at Apple appear to be history following the settlement of a shareholder suit filed against company executives.
The lawsuits continue to pile up for Apple, as shareholders try to punish members of the board for the practice of backdating stock options in the early part of this decade.
How did backdating stock options become such a pervasive problem? Are business schools teaching ethics? Richard Schmalensee, dean of MIT's Sloan School of Management, recently spoke with CNET News.com's Jim Kerstetter about today's business problems and innovation in Silicon Valley.
Given the dramatic rise in Apple's stock price over the past year, a judge ruled that the plaintiffs can't establish that Apple's stock-option backdating hurt the value of the stock.