Investors Seek Approval Of $490M Settlement With Apple Inc. Over Sales Claims

(March 18, 2024, 2:49 PM EDT) -- OAKLAND, Calif. — Apple Inc. and certain of its executives have agreed to pay $490 million to settle class claims brought by investors that the company’s CEO issued misleading statements about Apple’s sales of iPhones in China, according to a March 15 motion seeking preliminary approval of the proposed settlement filed in a California federal court by the lead plaintiff....