Tag: Cooks

Apple reaches $490 million settlement over CEO Cook’s China sales comments

(Reuters) – Apple has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires a judge’s approval. The lawsuit stemmed from Cook’s […]