Third shareholder lawsuit against Apple

A new shareholder derivative complaint has been filed against Apple, following the company's recent announcement that it has found additional stock irregularities. Keller Rohrback L.L.P. today announced that a shareholder derivative complaint has been filed in the United States District Court for the Northern District of California on behalf of nominal defendant Apple and against certain Company executives and board members. The Complaint alleges that the defendants breached their fiduciary duties and colluded with one another to: (1) improperly backdate grants of Apple stock options to various Apple executives in violation of the Company's shareholder-approved stock option plans; (2) improperly record and account for the backdated stock options in violation of GAAP; (3) improperly take tax deductions based on the backdated stock options in violation of the Tax Code; and (4) produce and disseminate to the Company's shareholders false financial statements and other SEC filings that improperly recorded and accounted for the backdated option grants thereby concealing the improper backdating of stock options.

Forums: MacBook melts, iMac G5 Lemons

Forums roundup: Members discuss pictures posted by a user depicting a melted MacBook, which reportedly overheated..... Others look at Apple's recently extended coverage on faulty iMac G5 first generation computers suffering video problems as well as discuss the legitimacy of the hacked MacBook video posted by hacking experts pointing out a flaw in all computers.... A thread outlines a user's experience loosing a MacBook Pro, then purchasing a new one which was colder, despite being built earlier.... Meanwhile, members have posted wish lists for the specs on a MacBook "Light" ultra-portable computer.