Apple target of stock options probe

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Apple target of stock options probe

Shares of Apple Computer fell as much as 6% before recovering most of the lost ground after a San Francisco legal newspaper reported that federal prosecutors are investigating whether company officers forged documents to sweeten executive stock option grants.

The report in The Recorder Tuesday, citing anonymous sources, ignited fears that Apple may face graver problems in the federal probe of backdated stock options than previously thought.

Read the complete story here. (san Francisco Chronicle)