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Apple's Fred Anderson to settle with the SEC, Heinen awaits suit (UDPATE)

Submitted by Alexandros Roussos on Tue, 2007-04-24 13:33
  • News & Speculation

UPDATE: Reports on the Internet say that Anderson blames Jobs for options backdating and that Heinen faces S.E.C. suite. The S.E.C. also says it won't enforce charges on Apple. The stock climbs on the news.

In the stock option irregularities case Apple is involved in since last year, the company's former CFO (Chief Financial Officer) is expecting a settlement with the S.E.C. (Securities Exchange Commission) while the former accountant, Nancey R. Heinen awaits law suit, a New York Times report says.

Fred Anderson will repay the $3.5 million plu-value earned thanks to the irregular stock operation in addition to a $150 000 fine.

Nancey R. Heinen's lawyer, Cristina Arguedas says its client hasn't done anything bad and claims to have a "very good defense".

Another important peace of information on the New York Times report is that Mss Heinen doesn't seem to have any proofs incriminating Apple's CEO, Steve Jobs in its defense case.

Late last week, a Mercury News report claimed that Jobs is likely to avoid criminal charges citing undisclosed sources.

Meanwhile, Apple is preparing to announce its Q3 Financial results tomorrow. MacScoop will be covering the event.

‹ First signs of an Apple "Collaborative Documents" Framework? New UK "Get-A-Mac" ad says Office prefers the Mac ›
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Looks like good news for

Submitted by mactonic on Tue, 2007-04-24 19:36.

Looks like good news for Apple shareholders.

I've always felt like I was too late for an investment on AAPL but this thing keeps climbing and climbing!

Now I can't afford more than a dozen with my savings :(.

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