Steve Jobs subpoenaed by US SEC in backdating case

Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen. Citing two sources familiar with the case, Bloomberg reports that the subpoena is not part of an SEC investigation. Jobs' testimony is required […]

Apple CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission (SEC) to give a deposition in the stock option backdating lawsuit against former Apple General Counsel, Nancy Heinen.

Citing two sources familiar with the case, Bloomberg reports that the subpoena is not part of an SEC investigation. Jobs’ testimony is required as part of a lawsuit brought against Heinen by the SEC in April 2007.

Heinen is the only former Apple executive charged in the backdating scandal. Apple’s internal investigation cleared all current executives of any wrongdoing and the SEC reached a deal with former CFO Fred Anderson in the case.

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APple, Steve Jobs, US, SEC, Legal matters