Apple Settles Backdating Lawsuit for $20.5 Million

[JMcEntegart]

Apple has settled a class action suit and agreed to pay shareholders millions of dollars in a case relating to backdated stock options.

Apple Settles Backdating Lawsuit for $20.5 Million : Read more

 

[everlast66]

After the settlement was agreed Jobs paid the $5 mil straight away from his pocket money

 

[applegetsmelaid]

[Insert witty comment here]

 

[jvc21]

dude, aren't Apple execs rich enough already?

Is it really that important to get that extra million through backdating when you've already stashed tens of millions of dollars? >_

 

[oxxfatelostxxo]

Its apple being apple, no new news here. Move on

 

[rohitbaran]

All those lawsuits are just a small hole in Apple's pocket. With its loyal fanbase, it can always break rules and later pay a small (from its viewpoint) price and not break a sweat.

 

[rohitbaran]

[citation][nom]everlast66[/nom]After the settlement was agreed Jobs paid the $5 mil straight away from his pocket money[/citation]
Really, I think it might have caused terminating the free bumper program! Poor iCrap buyers!

 

[sparky_the_lab_rat]

I'm confused... the year 2000 execs essentially stole millions from the corporation, and in turn the year 2000 stockholders. As punishment, the corporation, basically the year 2010 stockholders, need to repay the year 2000 stockholders for their loss. Doesn't this just change who the victim is while the perps keep their looted money?

 

[MiamiU]

[citation][nom]sparky_the_lab_rat[/nom]I'm confused... the year 2000 execs essentially stole millions from the corporation, and in turn the year 2000 stockholders. As punishment, the corporation, basically the year 2010 stockholders, need to repay the year 2000 stockholders for their loss. Doesn't this just change who the victim is while the perps keep their looted money?[/citation]
welcome to capitalism

 

[dEAne]

It ruin the apple.

 

[alyoshka]

Now that's a 20 Million $ Apple......

 

[silentq]

i wouldn't be surprised if next economical crysis will be caused by Apple going bankrupt due to law suits and crappy products... The world just cannot survive without the iProducts... 2012 disaster anyone?

 

[Elsapo]

The two agreed to a settlement without admitting wrongdoing and were fined and ordered to repay millions of dollars in illegal gains.

Money has perks, I wonder if a shoplifter would have been treated so nicely.

 

[mchuf]

[citation][nom]everlast66[/nom]After the settlement was agreed Jobs paid the $5 mil straight away from his pocket money[/citation]

He should. I'm sure he was the one who benefited the most out of this.

 

[hellwig]

[citation][nom]Elsapo[/nom]Money has perks, I wonder if a shoplifter would have been treated so nicely.[/citation]
I get your point, buy I dunno about the analogy. How many stupid kids are kicked out of a store and told never to return when they're caught shoplifting?

I think the better analogy would be armed robbery. "Well, say your sorry, pay a small fine, and promise that you'll try extra-hard not to do it again. And of course you can keep your gun."

 

[dustcrusher]

[citation][nom]silentq[/nom]i wouldn't be surprised if next economical crysis will be caused by Apple going bankrupt due to law suits and crappy products... The world just cannot survive without the iProducts... 2012 disaster anyone?[/citation]

The next economical Crysis would be one that can actually be played with high settings on a machine that costs less than a grand.

I'm here all weekend, folks...try the veal.

 

[theoutbound]

Eh, more of the same. Apple is no different than any other corporation, and I've come to expect this kind of behavior from everyone. I'm just curious how Apple fans will spin this in Job's favor.

 

[eddieroolz]

Nothing new here. Apple just doing what it does best.

 

[tu_illegalamigo]

Just wait, someone will get them on something big. Or they`ll become mainstream and have malware out the ass. Let`s see their simple, elegant, "magical" devices fight off the Russians.

 

[ricdiculus]

@ DUSTCRUSHER:
That, Is funny.

 

[beayn]

Doesn't Apple have upward of $40 billion in excess cash on hand? This is a drop in the bucket.