RSS RSS Twitter Twitter
apple news/media reports

12/27/2006, 11:40am, EST

Wednesday, December 27th

Jobs hires lawyer ahead of Apple restatement

Apple CEO Steve Jobs has hired outside legal help to deal with the Justice Department and the SEC, according to one report. Federal investigators see the falsification of documents as a key issue when determining which of their 100-plus backdating investigations to pursue as criminal and civil government investigations, according to a report from The Recorder on Law.com. "When there are falsified documents, the government views them as an intent to defraud, because people generally don't falsify documents unless they're trying to make things different from reality," said Keith Krakaur, an attorney working on backdating cases unrelated to the Apple scandal. Krakaur and other defense lawyers say government lawyers are focusing their efforts on falsified records to prove that executives knew their actions were wrong. "They view that as intent," Krakaur said.

Individuals with knowledge of the case say former Apple legal chief Nancy Heinen and former CFO Fred Anderson are the two executives cited in Apple's October statement, when the Cupertino-based company noted "serious concerns" about the actions of two former officers connected to the accounting, recording, and reporting of stock options grants. Heinen left Apple in early May after selling more than $7.5 million in company shares which she acquired under the 2003 Employee Stock Plan. Anderson retired as CFO in 2004 but remained on Apple's board of directors until he resigned in early October, following the company's report on its stock option issues.


Filed under: Apple

, , 8comments, del.icio.us, slashdot, digg, buzz , Twitter



8 comments
Reader Reactions (Please use <i></i> for italic text)

subscribe to comments
for this article




Expand All   Global Settings
test comment
0
12/29, 8:27am, EST
test
test comment
0
12/29, 8:27am, EST
test
test comment
0
12/29, 8:30am, EST
test comment
Fresh-Faced Recruit
Joined Jul 2006
User is offline
test comment
0
12/29, 8:30am, EST
test comment
Fresh-Faced Recruit
Joined Jul 2006
User is offline
test comment
0
12/29, 8:37am, EST
test comment
Fresh-Faced Recruit
Joined Jul 2006
User is offline
test comments
0
12/29, 8:39am, EST
test comments
test comments
0
12/29, 8:43am, EST
test comments2
Fresh-Faced Recruit
Joined Jul 2006
User is offline
test for cherry
0
01/01, 6:24am, EST
test for cherry
Fresh-Faced Recruit
Joined Jul 2006
User is offline
Your Comments

In order to post comments: If you are a registered member, please login with your MacNN Forums username and password otherwise please uncheck the checkbox below.


Registered Member?
macnn forums login:

macnn forums password:

Not a member of the MacNN forums? Register now for free.

RSS Feeds

Have the latest content delivered to your desktop via RSS. Use the links below to get access to a specific blog, news, or reviews feed.



  MacNN -all

  MacNN Reviews

  MacNN Podcasts

  iPodNN

  Electronista

  Left Lane News
Want To Sell Your Laptop? Any Condition - receive Top Cash. Get an instant quote. Free shipping www.CashForLaptops.com

Internet Marketing School - 100% Online: Master SEO, SEM, E Commerce, Media & More with a U of San Francisco Certificate.

Autodesk Inventor For Digital Prototypes: Use Inventor To Virtually Model, Test, and Iterate in 3D & Get To Market Faster!

Buy from The Apple Store, iTunes.com, Amazon.com, TechDepot, OfficeDepot, Computers4Sure, or donate.