Shareholder demands Apple boardroom records
Judge to order company to hand over information
Judge to order company to hand over information
Computer giant Apple is facing further
scrutiny of its accounting practices following reports that a California judge
plans to order it to turn over board-meeting minutes and records relating to
stock options accounting to an investor.
On Friday
California
Superior Court judge Jack Komar is due to order Apple to turn over the
documents, dating from 1997 to the present, to the
Boston Retirement Board, a
shareholder in the company.
However the judge denied the shareholder’s action related to an internal
investigation into options back-dating and said any documents turned over would
be subject to a protective order barring disclosure to any other parties.
Further reading:
US attorney general to probe Apple stock options
Apple takes £42.5m options backdating hit