Apple, the Liver & the Law

Steve Jobs' medical condition turned out to be more serious than Apple Inc. officials had previously acknowledged -- and that has analysts and legal experts questioning whether the company ran afoul of federal securities rules.
Apple had disclosed in early January that Jobs had a "hormone imbalance" and would take a leave of absence, but never said he was so sick that he needed a liver transplant.
Companies are not required to divulge medical details about executives, lawyers said. But they are required to disclose "material" information, which is defined as what a reasonable investor would need to know to make an informed decision on buying or selling stock.
Los Angeles Times report HERE

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