Apple Agrees to Pay $490M to Settle Lawsuit Alleging That Tim Cook Defrauded Shareholders

Apple has agreed to pay $490 million to settle a class action lawsuit alleging that Apple CEO Tim Cook defrauded shareholders by concealing falling demand for iPhones in China, according to Reuters, which cited a court filing today. The proposed settlement requires approval by U.S. District Judge Yvonne Gonzalez Rogers in California. On a November […]

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Apple Hit With Class Action Alleging It Tracks Users Despite Privacy Assurances

Apple is facing a proposed federal class action alleging that it records users’ mobile activity without their consent and despite privacy assurances, in violation of the California Invasion of Privacy Act, reports Bloomberg. In a lawsuit filed by New York citizen and iPhone 13 owner Elliot Libman, Apple is accused of “utterly false” assurances that […]

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