Apple shareholder files class action over anti-poaching agreement

Updated

An Apple shareholder has filed a class action lawsuit against Apple’s board and the estate of Steve Jobs, Patently Apple reports. The lawsuit is based on another suit involving Apple’s anti-poaching agreement with Google, Adobe, Intel — that case recently saw the defendants’ settlement proposal rejected. This new suit claims that Apple’s decision to enter the anti-poaching agreement damaged the company’s value. The suit, filed by shareholder R. Andre Klein, accuses Apple of breach of fiduciary duty, gross mismanagement, and waste of corporate assets.

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.