Apple Options Lawsuit Dismissed

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apple.jpgThe main lawsuit against Apple claiming that Steve Jobs and other Apple directors lied about backdating options has been dismissed.

According to the NY Times, Judge Jeremy D. Fogel of Federal District Court in San Jose said that the suit was dismissed on time grounds, in that it was based on statements over 3 years old, which presumably related to statute of limitations laws.

Apple argued that the case was invalid due to time limits, and that the statements predated 3 years.

The dismissal follows a similar dismissal in a related case in the so-called Apple options scandal by the same judge last week.

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