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Judge dismisses Apple backdating lawsuit

#1 User is offline   MW Forums Icon

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Posted 15 November 2007 - 10:20 AM

A lawsuit related to the stock option backdating scandal filed against Apple by the New York City Employess' Retirement System was dismissed earlier this week. more
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#2 User is offline   n4hhe Icon

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Posted 15 November 2007 - 01:41 PM

AAPL is up today. Can we sue the New York City Employees Retirement System because their suit was holding the stock price down?
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#3 User is offline   Schneb Icon

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Posted 15 November 2007 - 02:02 PM

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AAPL is up today. Can we sue the New York City Employees Retirement System because their suit was holding the stock price down?

Oh, why not. Litigation is the new, popular U.S. reality game show.
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#4 User is offline   Pennywigeon Icon

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Posted 15 November 2007 - 02:07 PM

I'll take "iPods Make People Fat" for two hundred jim.
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#5 User is offline   mwalker Icon

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Posted 15 November 2007 - 03:28 PM

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I'll take "iPods Make People Fat" for two hundred jim.

You aren't supposed to be eating them!
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#6 User is offline   hgwells Icon

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Posted 15 November 2007 - 05:13 PM

Hey, I like that idea, N4hhe! How can someone sue for damaging stock value when it was clearly not hurt except by the suit itself. If they feel damaging stock prices is something warranting a suit, then a suit against their part in the temporarily "depressed" prices experienced by some for the few hours after news of the suit became known should also be a sueable offense.
...or not.
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#7 User is offline   dbater Icon

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Posted 15 November 2007 - 09:23 PM

it seems we sue for the sake of suing! Imagine what could be done with the money wasted. We are a sue happy society and we will never change, we are just greedy.
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