Shareholders Seek To Sharpen Claims Against Apple

Law360, New York (November 21, 2007, 12:00 AM EST) -- Attorneys representing shareholders in their derivative action against Apple Inc. are gearing up to refile some allegations in the case that accuses Chief Executive Steve Jobs and more than a dozen company directors of taking part in a fraudulent scheme to profit from options backdating.

Judge Jeremy Fogel on Monday dismissed the shareholder suit after determining the plaintiffs raised claims of false statements made more than three years prior to filing the suit in the U.S. District Court for the Northern District of California, but allowed...
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