Securities and Exchange Commission Stories April 17, 2015

We learned yesterday that the Los Angeles Unified School District may sue Apple for “millions of dollars” following the collapse of its plans to provide every student with an iPad. The mess eventually led to an FBI investigation and a federal review.

The latest development, as ever reported by the LA Times, says that the program is now the subject of a Securities and Exchange Commission inquiry into whether funds were misused in the $1.3B project …  expand full story

Securities and Exchange Commission Stories October 7, 2013

Madoff Scandal

A four-month long investigation into Apple’s tax affairs by the Securities and Exchange Commission has cleared the company of any wrong-doing in regard to the way the company accounted for taxes in respect of its overseas operations.

A Senate Permanent Subcommittee on Investigations hearing into Apple’s tax affairs had previously accused the company of seeking “the Holy Grail of tax avoidance” over cash held overseas. The hearing proved anti-climatic, with no wrong-doing established, and the investigation handed off to the SEC. The SEC has now closed the case.

Tim Cook made an unequivocal statement during the Senate hearing that Apple used no tax gimmicks …  expand full story

Securities and Exchange Commission Stories June 18, 2012

Apple extends deal with Liquidmetal Technologies until 2014

As noted by MacRumors, a U.S. Securities and Exchange Commission filing revealed today that Liquidmetal Technologies will continue to license its technology to Apple through Feb. 5, 2014. The previous deal from 2010 gave Apple rights to the patented amorphous metal alloys through Feb. 5 2012. As of yet, we only know Apple has tested Liquidmetal in its iPhone SIM card ejector tools, but we recently heard CEO Thomas Steipp (above) hinting that Apple plans to commercialize the technology. Rumors in April indicated it could be used in products on a larger scale within a few years.

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