Apple paying $490M to settle lawsuit over Tim Cook’s China sales comments
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging that CEO Tim Cook defrauded shareholders by concealing a decline in iPhone demand in China. The preliminary settlement was filed Friday in U.S. District Court in Oakland, California, and must be approved by U.S. District Judge Yvonne Gonzalez Rogers. This stemmed from […]