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Hoping to spare her client from prison, an attorney for former Brocade executive Stephanie Jensen stood before a federal judge this month and argued that the furor over stock-option backdating was a “so-called scandal” that never amounted to much.
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The complaint alleges that as a result of the backdating Apple underreported its expenses by nearly million.
Apple’s former chief financial officer at the time, Fred Anderson, earlier settled SEC charges — with no admission of guilt — by agreeing to pay a 0,000 fine and to give back .5 million related to a particular backdated grant.