p2pnet news | Off Topic:- It would appear Apple supremo Steve Jobs hasn’t heard the last of the options back-dating scandal.

“When it was suggested the doctored docs could mean the SEC would de-list Apple, Who’d be served?” – Associated Press and Bloomberg had Jahan Raissi, a partner in a law firm which represents companies in Securities and Exchange Commission matters, asking.

“If it was Joe’s Shlock and Poultry Farm, then sure, get them out of there,” he went on. “But not Apple.”

Now Jobs has been subpoenaed by the SEC to testify iagainst Apple’s former chief counsel, says two people “familiar with the case,” states the Los Angeles Times.

But, “The subpoena should not suggest that Jobs is suspected of wrongdoing, according to the people, who asked not to be identified. The subpoena is not a public record.”

Marc Fagel, the SEC’s associate regional director in San Francisco, said it was routine for the SEC to subpoena witnesses as part of a trial’s discovery phase, but he declined to say whether Jobs had been subpoenaed, according to the story.

“Mr. Jobs is being asked to give a deposition in a civil suit brought in April by the SEC against Nancy Heinen, Apple’s former general counsel,” says the Wall Street Journal.

“Ms. Heinen, who left the company in May 2006, is accused of helping to manipulate one of her own stock-option awards and a grant to Mr. Jobs, and falsifying company records to conceal the alleged fraud.”

It adds:

So far, there is no indication that Ms. Heinen will attempt to implicate Mr. Jobs in any alleged wrongdoing, said a person familiar with the matter. Rather, her attorneys are expected to argue that her actions don’t constitute securities fraud.

Apple has acknowledged backdating options grants, and said Mr. Jobs helped select dates for some of the backdated grants. But it has steadfastly contended he isn’t guilty of any wrongdoing, in part because he didn’t “appreciate the accounting implications” of backdating options. The SEC has said it has no plans to file any charges against Apple.

.Slashdot it!

Also See:
back-dating scandal – Apple fires ‘doctored docs’ lawyer, January 8, 2007
Associated Press and Bloomberg – Apple shares swoon on reported options probe, December 28, 2006
Los Angeles Times – Jobs to testify in Apple option case, September 21, 2007
Wall Street Journal – Apple’s Jobs Is Subpoenaed, September 21, 2007

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