Filed under: Misc. Gadgets

var digg_url = ‘http://digg.com/apple/Jobs_other_Apple_execs_settle_shareholder_backdating_lawsuit’; It looks like the Apple options backdating mess is finally drawing to a complete close, as the last of the shareholder derivative suits against Steve Jobs and other Apple execs will reportedly settle for $14M pending the court’s final approval on October 31. Apple has also agreed to reform parts of its options plan, but in the end all of this has basically come out to nothing — particularly since shareholders in a derivative suit sue on behalf of the company, meaning the $14M is being paid by Steve and the other execs’ insurance companies back to Apple, which doesn’t really need it. Oh well, at least we briefly got FSJ out of it, right?

[Via AppleInsider]

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Filed under: Misc. Gadgets

Broadcom’s former management team is still in a heap of trouble over falsified financial statements, but it looks like co-founder Henry Samueli has managed to reach a plea deal with the Feds that’ll keep him out of jail — he’s admitted that he misstated Broadcom’s finances and knowingly backdated stock options issued to executives, and he’ll be fined some $12M plus an additional $250K, as well as serve five years’ probation. The court hasn’t yet approved the deal, but compared to the “warehouse of meth” antics of Henry T. Nicholas III, Broadcom’s other co-founder, a little accounting chincanery seems positively straightlaced, you know?

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