The backdating of stock options given to executives at Apple did not harm the company's stockholders, said a federal judge in dismissing a lawsuit that made the claim. The complaint, filed by the New York City Employees' Retirement System, asserted the backdating of stock options granted to Apple executives, including Chief Executive Officer Steve Jobs, was illegal and resulted in stock dilution.

Judge Rules 'No Harm, No Foul' in Apple Backdating Suit