iLoungeiLounge
  • News
    • Apple
      • AirPods Pro
      • AirPlay
      • Apps
        • Apple Music
      • iCloud
      • iTunes
      • HealthKit
      • HomeKit
      • HomePod
      • iOS 13
      • Apple Pay
      • Apple TV
      • Siri
    • Rumors
    • Humor
    • Technology
      • CES
    • Daily Deals
    • Articles
    • Web Stories
  • iPhone
    • iPhone Accessories
  • iPad
  • iPod
    • iPod Accessories
  • Apple Watch
    • Apple Watch Accessories
  • Mac
    • MacBook Air
    • MacBook Pro
  • Reviews
    • App Reviews
  • How-to
    • Ask iLounge
Font ResizerAa
iLoungeiLounge
Font ResizerAa
Search
  • News
    • Apple
    • Rumors
    • Humor
    • Technology
    • Daily Deals
    • Articles
    • Web Stories
  • iPhone
    • iPhone Accessories
  • iPad
  • iPod
    • iPod Accessories
  • Apple Watch
    • Apple Watch Accessories
  • Mac
    • MacBook Air
    • MacBook Pro
  • Reviews
    • App Reviews
  • How-to
    • Ask iLounge
Follow US

News › Apple

Apple

Apple, Jobs, execs re-sued for fraud [updated]

Last updated: May 13, 2021 7:33 am UTC
By Charles Starrett

Apple, Inc., CEO Steve Jobs, and a number of company executives have been re-accused of fraud in a new lawsuit filed in California last week. Along with former Apple CFO Fred Anderson, former General Counsel Nancy Heinen, and board members William V. Campbell, Millard S.

Advertisements

Drexler, Arthur D. Levinson and Jerome P. York, Jobs and Apple are accused of knowingly defrauding shareholders with stock option backdating, a scandal which resulted in federal U.S.

Securities and Exchange Commission charges against Anderson and Heinen, but no prosecution of Jobs. The civil complaint claims all the named parties were aware of the illegal nature of the backdating, stating: “The defendants knew that options were not granted on the dates that were disclosed to shareholders and falsified the company’s records to create the appearance of illegality, and thus bear direct responsibility for their actions.” [via Macworld UK]

Updated: The new filing, by plaintiffs Martin Vogel and Kenneth Mahoney, is a re-initiation of a previous attempt at a class action lawsuit against Apple, Jobs, and the company’s executives and directors. Vogel’s prior suit, known as Vogel v.

Advertisements

Latest News
The Apple Watch Series 10 is $100 Off
The Apple Watch Series 10 is $100 Off
1 Min Read
AirPods Pro 3 May Debut in 2026
AirPods Pro 3 May Debut in 2026
1 Min Read
Oakley Smart Glasses Announced
Oakley Smart Glasses Announced
1 Min Read
The Apple Watch Series 10 is $100 Off
Apple Watch Ultra 3 Might Arrive Soon
1 Min Read
AirPods Pro 3 May Debut in 2026
The AirPods Pro 2 is $80 Off
1 Min Read
tvOS 26 Apple Music Sing Adds iPhone Karaoke Feature
tvOS 26 Apple Music Sing Adds iPhone Karaoke Feature
1 Min Read
Photos Tabs to Make a Comeback in iOS 26
Photos Tabs to Make a Comeback in iOS 26
1 Min Read
tvOS 26 Users to Have Automatic Sign-In for Apps
tvOS 26 Users to Have Automatic Sign-In for Apps
1 Min Read
The Beats Pill is $50 Off
The Beats Pill is $50 Off
1 Min Read
iOS 26 Users Will Have Storage Reserve Option for Software Updates
App Store Developers May Soon Offer Redemption Codes on iOS
1 Min Read
Apple Silicon Support Added to Steam Client Beta
Apple Silicon Support Added to Steam Client Beta
1 Min Read
M2 Mac Mini Gets Repair Program
M2 Mac Mini Gets Repair Program
1 Min Read

iLounge logo

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond. iPod, iPhone, iPad, iTunes, Apple TV, and the Apple logo are trademarks of Apple Inc.

This website is not affiliated with Apple Inc.
iLounge © 2001 - 2025. All Rights Reserved.
  • Contact Us
  • Submit News
  • About Us
  • Forums
  • Privacy Policy
  • Terms Of Use
Welcome Back!

Sign in to your account

Lost your password?