By William Trent, CFA of Stock Market Beat
As nice as it sounded to hear that shareholder lawsuits were tapering off, the newfound restraint wasn’t felt evenly across corporate boards the board.
Think Secret reports on Apple 10-Q:
Apple’s recent SEC 10-Q filing, its first in six months, revealed the company has settled seven outstanding lawsuits and was served with eleven others in the past half-year, including several related to the company’s backdating of options.
Didn’t those others hear that lawsuits are no longer in vogue?
Think Secret didn’t run through the fundies at all, so we’ll have to tackle that ourselves when we get a chance.
The author may hold a position in the securities discussed. The author’s current holdings are as follows: Long: Union Pacific (UNP) put options; Air Products (APD) put options; Nasdaq 100 (QQQQ) put options; FedEx (FDX) put options; Intuit (INTU) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Three Five Systems (TFS); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Landstar (LSTR) put options; Ceradyne (CRDN) put options; Dell (DELL) put options; Plantronics (PLT) put options;
http://stockmarketbeat.com/blog1/
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
