July 11th, 2008
Jobs, lawyer cleared of criminal charges
Steve Jobs is off the hook for options backdating charges, according to the Wall Street Journal. Not that he was ever really on the hook. More interesting is that former Apple lawyer Nancy Heinen has also been cleared on criminal charges although she still faces civil litigation with the SEC.
“We were always confident that after a full and fair review of the facts, there could be no other outcome,” said Cris Arguedas, a lawyer for Apple’s former general counsel, Nancy Heinen.
The investigation on Heinen centered on whether she had ordered a subordinate, Wendy Howell, to fabricate minutes of nonexistent board meetings and otherwise falsify options information. Apple, Jobs, other board members and executives still face private litigation.
