Monday, April 23, 2007

Former Apple General Counsel Heinen May Face Options Suit, Attorneys Say

(Bloomberg) -- Apple Inc. former General Counsel Nancy Heinen may be sued by the Securities and Exchange Commission for backdating two stock option grants, including one made to Chief Executive Officer Steve Jobs, her lawyers said.

The securities regulator will likely sue Heinen this week for allegedly backdating an Oct. 19, 2001, stock option grant to Jobs for 7.5 million shares, and an earlier grant made to Jobs' executive team members, including Heinen, on Jan. 17, 2001, her attorney Miles Ehrlich said.


Read more at Bloomberg Exclusive News

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