Technology

Apple must face US shareholder lawsuit over CEO’s iPhone, China comments, judge rules




A federal judge said Apple must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.While dismissing most claims, US District Judge Yvonne Gonzalez Rogers ruled late Tuesday that shareholders can sue over Chief Executive Tim Cook’s comments touting strong iPhone demand on a November 1, 2018 analyst call, only a few days before Apple told its largest manufacturers to curb…



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