Is this a blagger that I see before me?
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Wednesday 27 December 2006, 4:57 PM
Apple faces 'false document' claims
Shares in Apple dropped five percent on Wednesday amid unconfirmed rumours that federal prosecutors were looking closely at "apparently falsified" stock option documents.
Law.com reported that a three-month internal probe had turned up evidence that stock option documents had been "apparently falsified by company officials to maximize the profitability of option grants to executives."
Apple hasn't yet commented on the claims, for which Law.com doesn't provide solid proof. It attributes the claims to "individuals familiar with the case who requested anonymity"."
More here.
Law.com reported that a three-month internal probe had turned up evidence that stock option documents had been "apparently falsified by company officials to maximize the profitability of option grants to executives."
Apple hasn't yet commented on the claims, for which Law.com doesn't provide solid proof. It attributes the claims to "individuals familiar with the case who requested anonymity"."
More here.
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