Apple Likely Shielded From Any Suits Over Jobs' Departure

Law360, New York (August 25, 2011, 8:19 PM EDT) -- With Steve Jobs' resignation Wednesday, long-lingering questions about the chief executive's health and what a post-Jobs future may look like have resurfaced, but despite their reticence, Apple Inc.'s board members have little to fear from the inevitable shareholder suits, attorneys say.

Jobs announced late Wednesday that he was stepping down as Apple's CEO, citing an inability to perform his duties. The long-expected news proceeded a less than 1 percent decline in the company's stock price Thursday — nothing near the precipitous drop in share price that...
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