SEC, Apple's former lawyer settle

0 Comments | USA TODAY, August, 2008 | by Edward Iwata

The former top lawyer for Apple agreed to settle federal charges against her that she helped to fraudulently backdate stock-option grants to Apple CEO Steve Jobs and other Apple executives, regulators said Thursday.

Nancy Heinen, Apple's former general counsel, did not admit or deny guilt. But she agreed to pay $2.2 million in disgorgement, interest and penalties, the Securities and Exchange Commission said.

Heinen also agreed to be barred for five years from serving as an officer or director of a publicly traded company and to be suspended from practicing as an attorney before the SEC for three years.

Robert Mitchell, the SEC's trial counsel on the case, said that he is "very pleased with the resolution of the case," and that the penalties reflect...