Mr. Anderson Goes to Court


Former Apple CFO Fred Anderson is likely to settle claims in the Apple share options affair, BBC News reports.

Anderson will repay $3.5 million from gains he made in trading the backdated options and fined $150,000. Nevertheless, Anderson, who served briefly as Apple's interim CEO before the options scandal took place, has not admitted guilt.

Former general counsel to Apple, Nancy Heinen is also implicated in the probe by federal regulators and they have alleged fraud by Ms. Heinen.

Earlier this year, CEO Steve Jobs was cleared in an internal Apple investigation into the affair. Federal regulators have not pursued Jobs to date. Apple restated previous earning as a consequence of the internal investigation and took a one-time $84 million charge.

In Anderson's case, the fine and repayments are only a fraction of the remuneration and gains he made from options during his 10 years at Apple.