Jobs subpoenaed for deposition
Posted by Dennis Sellers 
Sep 20, 2007 at 5:33pm
Apple CEO Steve Jobs was subpoenaed by the U.S. Securities and Exchange Commission to give a deposition in a backdating lawsuit against the company’s former general counsel, two people familiar with the matter said. Bloomberg reports that the subpoena isn’t part of an SEC investigation.
It seeks Jobs’s testimony in the SEC’s lawsuit against Nancy Heinen, who was sued April 24 for allegedly backdating stock-option grants to Jobs and members of his executive team, the people, who requested anonymity because deposition subpoenas aren’t made public, notes Bloomberg. Heinen was sued for allegedly backdating a 7.5 million share-option grant to Jobs in 2001 and an earlier grant to his executive team.
Jobs recommended some favorable dates on options other than his own, Apple said Dec. 29. Heinen’s lawyers sought to depose 45 people, including the recipients of the grants, according to a court filing.
“These include the range of individuals involved in the stock option granting’’ at Apple, including “the grant recipients themselves,’’ according to an Aug. 31 document filed by the SEC and Heinen’s lawyers in federal court in San Francisco. Steve Dowling, an Apple spokesman, declined to comment for Bloomberg. Mark Pomerantz, an attorney for Jobs, didn’t return a call to his office after normal business hours. Also, Marc Fagel, an SEC attorney in San Francisco, declined to comment.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
