SiliconBeat

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 »

Selectica got some good news sent its way earlier this month from the San Francisco office of the Securities and Exchange Commission, which told the company that an informal investigation it had undertaken into the company’s past stock option granting practices “has been terminated, and Read the rest of this entry »

Blue Coat Systems, the Sunnyvale provider of Web site security systems, revealed today that the Securities and Exchange Commission, which had been conducting an informal investigation into the company’s historical stock option granting practices, has now begun a formal “nonpublic investigation” into the matter, and has issued a subpoena to a “former officer” with the
company.

And who might that former officer be? Read the rest of this entry »