Heinen settles with SEC over Apple option backdating complaint(1)
Nancy Heinen (pictured), the former general counsel at Apple has agreed to pay $2.2 million in disgorgement, interest and penalties and be barred from serving as an officer or director of any public company for five years to settle complaints arising from the alleged backdating of Apple options, according to a release put out today by the Securities and Exchange Commission. In doing so, Heinen neither admitted or denied the Commission’s allegations.
According to the complaint, “Heinen caused Apple to fraudulently Read the rest of this entry »
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