This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Sued Over Option Grants

Apple Computer (AAPL - Get Report) has been notified of derivative lawsuits that make claims against current and former officers and directors with respect to the company's stock option grant awards.

Apple said in a release late Wednesday that the suits were filed in the U.S. District Court for the Northern District of California and the Superior Court for Santa Clara County.

Apple announced last week that it had discovered irregularities in issuing certain stock option grants and is conducting an independent investigation into the matter.

Apple said it is evaluating its response to the lawsuits.

In recent after-hours trading, the company's stock was off 15 cents, or 0.3%, to $56.85.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $126.96 -0.50%
TSLA $207.69 1.20%
YHOO $44.88 0.49%
FB $84.29 1.40%
GOOG $536.36 0.18%


DOW 18,000.99 -33.94 -0.19%
S&P 500 2,099.65 -0.75 -0.04%
NASDAQ 5,012.9980 +18.3960 0.37%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs