Well, Apple legal has cleared another hurdle for the stock option back-dating scandal that rocked the computer industry last year. A judge in San Jose dismissed a major lawsuit against the company because the suit was not brought within a three-year window of the incidents. Of course, since the back-dating was only disclosed last year but stopped in 2002, it would have been pretty hard to do that in the first place. Actually, it’s absurd that our laws are written in such a way that they need to be prosecuted very quickly after commission. I understand the purpose of a statute of limitations, but why wouldn’t it be within three years of discovery? Only seems fair.
Picture via Fake Steve
Pete Mortensen is a design strategist for consulting firm Jump Associates and the co-author of Wired to Care: How Companies Prosper When They Create Widespread Empathy, a book and blog that are significantly more interesting than you might initially think. Pete’s particular Apple avocations are both around design–interface and industrial. Follow him on Twitter!
