Holiday’s over. Here’s your rude awakening.
Original Law.com piece by Justin Scheck with the allegations here.
It looks like the meat of the information relates to possible wrongdoing by former execs Nancy Heinen and Fred Anderson. While there are number of “if the SEC is going to go after Steve Jobs” type statements, there’s absolutely no information that implicates Jobs in the falsification of these documents.
While it will likely take some time — perhaps a matter of months — for the government to decide whether to file criminal charges against Jobs, the 10(k) filing on Friday should provide plaintiffs lawyers with some ammunition for their suits against the company.
Hey, if he’s done nothing wrong, it could take them years to decide as they would have to wait for him to do something wrong.
That is a rather irresponsible paragraph, unless Scheck knows something more that implicates Jobs. The only evidence provided is that he has retained his own legal counsel, which raises a few of the hairs on the Macalope’s velvety flanks, but is hardly damning given the fact that Jobs is personally named in the class action suit against the company.
We’ll know more on Friday.
UPDATE: Gene Munster of Piper Jaffray sez there’s less than a five percent chance Steve Jobs is at risk.
The Macalope likes those odds but how do you calculate that?
The Macalope holds an inconsequential number of Apple shares.