Apple, execs sued for fraud from backdating scandal

07/01, 9:00pm

Apple sued for fraud

A lawsuit was brought against several key Apple executives on Friday, accusing CEO Steve Jobs and several others of fraud, in relation to the stock option backdating scandal in recent years. According to a filing with the US District Court in San Jose, Jobs stands with former financial officer Fred Anderson, as well as Nancy Heinen, William Campbel, Millard Drexler, Arthur Levinson, and Jerome York, in addition to the company itself.

06/05, 7:20pm

Apple expands board to 12

Apple recently expanded its executive board from 10 to 12 members, adding to the board a senior vice president of Mac hardware development, and a senior vice president of iPhone software. AppleInsider reveals that the iPhone position was filled by Scott Forstall – formerly the president of iPhone software – while Bob Mansfield was elected to fill a void created by Tim Butcher, who left his position as the Mac development lead in 2004.