Apple settles $490M lawsuit over CEO Tim Cook's alleged misleading comments on China sales.
Apple has reached a $490 million settlement to resolve a class-action lawsuit that accused CEO Tim Cook of misleading shareholders about the company's sales prospects in China. The lawsuit stemmed from Cook's comments in 2018, claiming China's sales were unaffected by market pressures despite a drop in iPhone demand. The settlement requires approval by U.S. District Judge Yvonne Gonzalez Rogers.
March 15, 2024
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