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Securities,
Civil Litigation

Apr. 19, 2019

Apple investor sues over iPhone sales losses in China

Brought by the City of Roseville Employees’ Retirement System, the suit claims Apple violated federal securities laws and made materially false and misleading statements aimed at deceiving purchasers of Apple common stock.

Apple investor sues over iPhone sales losses in China
Tim Cook, Apple's chief executive, is a named defendant in a new investor's class action saying the company misled stockholders about iPhone sales in China (New York Times News Service).

On the same day Apple Inc. and Qualcomm Inc. settled their massive litigation war in the Southern District, Apple investor filed a major securities class action against the iPhone maker in the Northern District.

Brought by the City of Roseville Employees' Retirement System, the complaint claims Apple violated federal securities laws and made materially false and misleading statements aimed at deceiving purchasers of Apple common sto...

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