Apple settles shareholder fraud suit led by UK council for $490m

Sarah JollyMarch 18, 2024
Tim Cook, Apple CEO
Tim Cook, Apple CEO. Shutterstock/Michael Mattes

Apple has agreed a $490m settlement with a group of shareholders who accused the company of committing fraud for failing to disclose concern about demand for iPhones in China.

The class action said CEO Tim Cook reassured i...

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Sarah JollyMarch 18, 2024
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