updated 02:25 pm EDT, Wed August 9, 2006
Apple execs seek counsel
Apple executives are seeking legal counsel in the face of a backdating probe which the company launched in late June. Apple has hired George Riley, a partner with O'Melveny & Myers, to represent the company in connection with the government investigation, which launched in mid-July. Meanwhile the company's long-time general counsel Nancy Heinen, who left the company in May of 2006, has hired East Bay defense lawyers Cristina Arguedas and Miles Ehrlich to represent her before the government, according to The Recorder. The probe has already produced investor lawsuits charging Apple executives and directors with manipulating the option grant dates of specific stock options to maximize personal profits.