explosivejared writes "New Apple General Counsel Daniel Cooperman won his first battle on behalf of his new company yesterday, successfully convincing a judge to dismiss a shareholder lawsuit over Apple's stock-options backdating mess.
The New York City Employees Retirement System had sued Apple claiming that the company's practice of backdating stock options diluted the value of the stock. Apple has admitted that it improperly backdated stock options on several occasions, including two awards to CEO Steve Jobs, and last December it took a $84 million charge to account for the options.
But the suit had to show that Apple shareholders lost money in order to recover damages..." Link to Original Source
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