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Apple’s Ex-GC to Use E-Mail in Defense

Posted Apr 24, 2007 9:44 AM CDT
By Debra Cassens Weiss

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The attorney for Apple Inc.’s former general counsel told the Wall Street Journal (sub. req.) her client will use e-mails to show she did not backdate stock options to benefit herself or CEO Steve Jobs.

"Nancy Heinen did not backdate, and she will defend herself based on her actions, e-mails and integrity," Cristina Arguedas said.

Several published reports say the Securities and Exchange Commission will file a civil lawsuit against Heinen for her role in alleged backdating.

Apple’s former chief financial officer Fred Anderson has settled with the SEC, agreeing to forfeit options gains of about $3.5 million and pay a $100,000 fine, the WSJ says. He does not admit wrongdoing. Apple says Jobs did not exercise his options and did not commit misconduct.


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