Report: Jobs questioned by SEC
Apple CEO Steve Jobs has been questioned by government investigators looking into backdated stock options grants at the company, according to a report at Bloomberg.com.
Lawyers familiar with the issue say that Jobs met with officials from the Securities and Exchange Commission (SEC) and the Justice Department last week. No details about what was discussed were available, and no comment was forthcoming from Jobs’ lawyer, the SEC or the U.S. Attorney leading the investigation.
In related news, Reuters reports that the New York City Employees’ Retirement System has been picked as the lead plaintiff in a shareholder lawsuit against Apple over its stock options practices.
The New York City Employees’ Retirement System is a pension fund that holds about 1 million shares of Apple stock.
Editor’s note: Added details about New York City Employees’ Retirement System.