Former Apple general counselor Nancy Heinen is aim May 18 , 2009 for the beginning of her track after the U.S. Securities and Exchange Commission charged her with fraudulently backdating store options last twelvemonth .
Heinen ’s lawyers latterly file newspaper propose new deadlines in the display case ranging from the fact find dilute off to the start of the trial . The original tryout was proposed to set off in March 2009 .
lawyer estimate at the beginning of the subject that they would postulate to take 45 deposit and check the court that “ Ms. Heinen has made every effort to avoid gratuitous litigation and to streamline the find procedure . ” Her attorney now say they will only require 25 depositions to climb on her defense .
The SEC has take five dethronement already including one from Heinen ; Fred Anderson ( former Apple CFO ) ; Philip Schimmel ( former audit better half at KPMG ) ; Arthur Levinson ( member of Apple ’s Board of Directors ) ; and Steve Jobs ( Apple CEO ) .
counsellor representing four current and former Apple employees were late apprize by Heinen ’s lawyers that they will be subpoenaed for depositions — those employee were not call in the legal filing .
Heinen has also served subpoenas for documents to KPMG ; Apple ’s police business firm , Wilson , Sonsini , Goodrich and Rosati and several attorneys imply in advising Apple and critique SEC filings ; eight fiscal institution ; and two educational asylum .
Requesting the written document does n’t necessarily mean that Heinen will automatically get the selective information . While her lawyer have received 3,600 pages so far , in addition to the 90,000 pages from the SEC , the court filing say a “ great many documents have not yet been produced . ”
Heinen ’s attorney also say that certain call of perquisite have yet to be resolve .
The SEC has incriminate Heinen of helping to backdate stock choice given to Apple ’s top officers , stimulate the company to under - report its expense by almost $ 40 million .
The SEC file away like commission against Apple ’s former Chief Financial Officer , Fred Anderson , but settle down that eccentric . Anderson will ante up $ 3.5 million in penalisation in response to SEC charges that he should have noticed Heinen ’s actions and corrected the society ’s fiscal assertion , the SEC said .
Apple and CEO Steve Jobs were cleared in the event by the SEC and an sovereign investigating .
Heinen continues to deny the charges bring against her .
