Apple Facing Lawsuits

Former Apple CFO Fred Anderson issued a statement Today claiming that he advised Apple CEO Steve Jobs of the accounting implications of backdating in January 2001, contrary to Apple's previous statements that Jobs had no idea of the ramifications. Securities and Exchange Commission filed a lawsuit against N. einen, the former general counsel at Apple saying her actions led to fraudulent stock option backdating at the company. A similar lawsuit was filled againt anderson but it was simultaneously settled. The SEC said it doesn't plan to file any actions against Apple as a company. The lawsuit comes after months of investigation by regulators, which made the SEC charge Heinen who fradulanly selected earlier grant dates for two options grants, one in February 2001 to several Apple executives including Jobs the CEO.