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Thursday, 20 November 2008 08:54 UK Bengaluru, India


 

Apple lass coughs up $2 million to SEC

Pleading hell

By Examiner Staff @ Friday, August 15, 2008 7:12 AM

 
 

The former head lawyer at Apple has paid $2.2 million to the Securities and Exchange Commission (SEC) to settle the small matter of backdating share options.

Nancy Heinen hasn't admitted she's done anything untoward and Nancy Heinen hasn't denied she's done anything untoward.

But she will lose the right to be an officer in companies for five years. And she won't be allowed to plead in front of the SEC for three years, which could well be a bonus, for the lass, we suspect.  X

 

 
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