Apple Must Face Shareholder Lawsuit for Concealing Falling iPhone Demand

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 … Read more Apple Must Face Shareholder Lawsuit for Concealing Falling iPhone Demand