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To do this, go to the Apple menu Date & Time, and be sure the “Set date and time automatically” option is checked: That method requires the Mac to have active internet access, however.
The backdating practice resulted in the improper issuance of more than 200 million shares, the New York City Employees’ Retirement System said, but Fogel ruled the investors could not link the practice to any damages. Securities and Exchange Commission is taking that approach in an action against Apple’s former main lawyer, Nancy Heinen.
The plaintiffs are free to file another lawsuit that would allege the backdating was damaging to Apple as a company, noted the judge, according to Bloomberg. She was sued by the SEC April and accused of backdating options to Jobs and other officers.
The complaint, filed by the New York City Employees’ Retirement System, asserted the backdating of stock options granted to Apple executives, including CEO Steve Jobs, was illegal and resulted in stock dilution. His decision was reportedly based on the fact that the plaintiffs couldn’t show how the backdating injured the shareholders especially since Apple’s stock price has skyrocketed this year. Apple has confirmed the backdating of more than 6,000 stock-option grants issued between 19.
Apple launched an internal investigation and determined there was no misconduct on the part of Jobs, said Bloomberg.