The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Former Apple Attorneys Squabble About Options Backdating

Former Apple Attorneys Squabble About Options Backdating

by , 1:05 PM EST, November 6th, 2007

Former Apple General Counsel Nancy Heinen is currently defending herself against Securities and Exchange Commission (SEC) charges that she illegally backdated stock options. Now, Ms. Heinen's attorneys are seeking the financial records of another former Apple attorney, Wendy Howell, in order to discredit her as a witness, according to Bloomberg News.

The SEC charged Ms. Heinen in April, 2007 and accused her of backdating 7.5 million share option grant to Apple CEO Steve Jobs. Ms. Howell, an attorney hired by Ms. Heinein in 1997, claims she was, in turn, under orders from Heinen to backdate the options. Heinen's attorneys are seeking Howell's financial records to establish that she was under financial pressure at the time which gave a motive to "do anything to keep her job" according to documents filed.

Ms. Howell's attorneys have countered that it is Ms. Heinen who is being investigated, not Ms. Howell, and the financial records of Ms. Howell have no relevance. Moreover, it would be a privacy violation to disclose those records. Ms. Howell was fired by Apple in December 2006.

For reference, the case is SEC v. Heinen, 07-2214, in U.S. District Court in San Jose.

Recent TMO Headlines - Updated February 23rd

Wed, 6:39 PM
Frolic in the Apple Park, Rumors for iPad and Apple Watch - ACM 399
Wed, 6:27 PM
Get $8.62 Off Your Amazon Order (Today Only) Thanks to Harris Reputation Poll
Wed, 5:34 PM
What a Digital Avatar Patent Might Mean for Apple Customers
Wed, 5:07 PM
5 iMazing Tricks Make Syncing Your iOS Device Fun
Wed, 3:48 PM
The Pros and Cons of Legacy Apple Products Going Extinct
Wed, 2:44 PM
iOS: Turn Safari Into a Simple RSS Reader
Wed, 1:52 PM
What Apple TV Could've Been - TMO Daily Observations 2017-02-22
Wed, 11:53 AM
Futurama: Worlds of Tomorrow Coming to iPhone and iPad
Wed, 10:40 AM
New Apple Campus, Dubbed Apple Park, Opens in April
Wed, 9:06 AM
iOS: Use "Vibrate Only" for Specific Event Alerts
Wed, 9:00 AM
PDFConverterOCR 4: $19.99
Wed, 8:00 AM
Be More Productive by Typing Faster
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!