Apple Agrees to Nearly Half-Billion-Dollar Settlement Over Misleading Statements to Investors on iPhone Demand in China

Published on March 15, 2024

In a massive proposed legal settlement, Apple Inc. has agreed to a $490 million settlement over allegations that CEO Tim Cook misled shareholders by concealing a decline in iPhone demand in China. This settlement is the result of a class-action lawsuit spearheaded by Norfolk County Council as Administering Authority of the Norfolk Pension Fund in Norwich, England. The preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and is still subject to approval by U.S. District Judge Yvonne Gonzalez Rogers. The proposed settlement documents explain that if approved, it would represent the third-largest securities class action recovery in the U.S. District’s history....

Continue reading on website
Other news

State Department Sanctions 3 More Israeli Settlers Over ‘Extremist Violence’ Against Palestinians

March 15, 2024
The Biden administration’s State Department has sanctioned three Israeli settlers and two outposts accused of harassing and attacking Palestinians in the West Bank, marking the second round of sanctions against Israelis accused of “extremist violence.”The State Department identified the settlers as Zvi Bar Yosef, Moshe Sharvit, and Neriya Ben Pazi in a March 14 statement.All three are being sancti

16 Female Athletes File Lawsuit Against NCAA for Allowing Trans Women to Compete

March 15, 2024
Former collegiate swimmer Riley Gaines and 15 other female athletes filed a lawsuit against the National Collegiate Athletics Association (NCAA) for allowing transgender athletes to compete in women’s events.“It’s official! I’m suing the NCAA along with 15 other collegiate athletes who have lost out on titles, records, & roster spots to men posing as women,” Ms. Gaines stated on X, formerly known