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Steve Jobs' options case has been thrown out of court. The judge let the case go since there's been no drop in the stock price as a result of the backdating. [Apple Insider]
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Comments (AU Comments · US Comments)
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92BuickLeSabre
Posted 6:04 PM 15/11/07
BOOM!
92BuickLeSabre
FuzzysFriedChicken
Posted 5:47 PM 15/11/07
So Jobs wasn't cleared of any wrong doing. The plaintiffs case was thrown out since the stock price didn't suffer based on the actions of Jobs and Co.
FuzzysFriedChicken
jbhitter24
Posted 5:36 PM 15/11/07
too bad.....
jbhitter24
DJJS
Posted 5:29 PM 15/11/07
Aww Giz... wow.. i never seen so many apple related storys in one day.. or week.?
at least the picture above is funny..
DJJS
Falconfire
Posted 7:57 PM 15/11/07
@FuzzysFriedChicken: well typically when you throw a case out, there was little evidence that wrongdoing was intended. So yes he was cleared as was everyone else involved since it was not a scam like Enron and others did, but a honest screwup...
you know those things happen too sometimes.
Falconfire
dogg
Posted 11:43 PM 15/11/07
WOW! Steve Jobs is the MAN!
dogg
whootowl
Posted 11:39 PM 15/11/07
This was just a tool that the Justice Dept used to ensure that Steve Jobs does not make a run for President. The Republicans have a difficult enough time dealing with Clinton and Obama. I'm thinking certain assurrances were given before the suit was dismissed.
whootowl
liquidsoapdispenser
Posted 4:43 PM 16/11/07
I think it's clear that many companies illegally backdated stock options (as was all the rage, until investigators caught on), but in my opinion they're letting it go in Steve's case.
liquidsoapdispenser