Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, September 21, 2007

SEC Subpoenas Jobs

The SEC reportedly has subpoenaed Steve Jobs to answer questions in connection with the backdating case it has brought against former Apple GC, Nancy Heinen.  The SEC has charged that Heinen falsified records and backdated one of her own, as well as one of Jobs', stock option grants.  Jobs has not been charged; Apple has previously stated that he did not understand the accounting implications of backdating.  WSJ, Apple's Jobs Is Subpoenaed By SEC in Backdating Case.

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