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Securities Law >
New Settlements and Verdicts

Apple, Steve Jobs to Settle Stock Options Backdating Charges for $23M
A stock option allows the option holder to buy shares at some point in the future for a fixed price. The option price is almost always based on the stock’s price the day the option is granted. Backdating involves manipulating the issue date, often after a run-up in the price…
Date of ruling:
09/08/2008
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