Apple has been facing so many lawsuits nowadays, which could also attest to its growing popularity and power. There are a few who are legit and business related such as their legal showdown with Creative, but most are just so effing absurd and are obviously done for quick bucks or because they have some idle time in their hands. Examples of which is that man who sued Apple over hearing loss danger or that guy threatening to sue Steve Jobs because of his podRage episode.

I could ramble on and on about the lawsuits being thrown at the $14B company and could ask myself where is the world going to...and just when you think it's over, you realize that it's just the tip of the iceberg.

The newest legal battle in the Apple melodrama may just be legit. The company recently announced that they have been informed of derivative lawsuits filed in the United States District Court for the Northern District of California and the Superior Court for Santa Clara County. The lawsuits went against current and former officers and directors with respect to the company's awarding of stock option grants.

Just a few days back, Apple announced that it had discovered irregularities in the issuance of certain stock option grants and is conducting an independent investigation into the matter. For now, the company is evaluating its response to the newly filed lawsuits.