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Corporate

Nov. 16, 2007

Judge Tosses Apple Class Action

SAN JOSE - A federal judge on Wednesday tossed out a novel securities class action filed against Apple Inc.'s officers and directors, including chairman Steve Jobs, claiming shareholders were damaged by the company's options-backdating practices.

By Craig Anderson
Daily Journal Staff Writer

      SAN JOSE - A federal judge on Wednesday tossed out a novel securities class action filed against Apple Inc.'s officers and directors, including chairman Steve Jobs, claiming shareholders were damaged by the company's options-backdating practices.
      U.S. District Judge Jeremy Fogel said the plaintiffs have no case because they did not lose ...

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