iLoungeiLounge
    Facebook Twitter Instagram YouTube LinkedIn RSS
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms Of Use
    Facebook Twitter Instagram
    iLoungeiLounge
    • News
      • Apple
        • AirPlay
        • iCloud
        • iTunes
        • HealthKit
        • HomeKit
        • HomePod
        • iOS 13
        • Apple Pay
        • Apple TV
        • Siri
      • AirPods Pro
      • Apps
        • Apple Music
      • Rumors
      • Humor
      • Technology
        • CES
      • Articles
      • Web Stories
    • iPhone
      • iPhone Accessories
    • iPad
    • iPod
      • iPod Accessories
    • Apple Watch
      • Apple Watch Accessories
    • Mac
      • MacBook Air
      • MacBook Pro
    • Reviews
      • App Reviews
    • How-to
      • Ask iLounge
    • Daily Deals
    iLoungeiLounge

    Norfolk County Council gets class action lawsuit upgrade versus Apple

    Samantha WileyBy Samantha WileyFeb 17, 2022 9:52 pm UTC
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Shareholders and the Norfolk City Council in the UK have recently received a conversion of its lawsuit into class action status, which opens it up to any shareholder affected by the comments Tim Cook has made in 2018.

    Apple CEO Tim Cook

    The lawsuit takes issue with Apple CEO Tim Cook and his commentary during the earnings call in 2018, where he said that ‘ I would not put China in that category’ after experiencing sales pressure in regional markets.

    A year later, Apple made some revisions over its revenue guidance prediction; however, some shareholders said that it was too late. iPhone sales were lower in China, and shareholders could have the option to be compensated to the falling sales figures.

    The change of status allows more shareholders to take part and reduces the claimants’ standard of proof requirements. Apple countered by saying Cook’s comments were a ‘statement of opinion’ and thus protected, which means there wasn’t any misleading or false statement.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samantha Wiley
    • Twitter

    Samantha is a senior news editor at iLounge. She has been covering the technology industry for over five years, writing about Apple, Google, and other major companies. Samantha has also worked as a reporter and editor for several other publications.

    Related Posts

    Hover-1’s Electric Kick Scooter is $114 Off

    Boston gets Apple Maps Detailed City Experience

    tvOS gets first AI treatment of Siri

    Facebook rolls out ‘Blue Check’ Verification

    Logitech’s Reliable and Long-Lived Wireless Gaming Mouse is Now Only $35

    Study reveals Apple Watch as a potential low-cost device for sickle cell patients

    Latest News
    Hover-1’s Electric Kick Scooter is $114 Off
    Boston gets Apple Maps Detailed City Experience
    tvOS gets first AI treatment of Siri
    Facebook rolls out ‘Blue Check’ Verification
    Logitech’s Reliable and Long-Lived Wireless Gaming Mouse is Now Only $35
    Study reveals Apple Watch as a potential low-cost device for sickle cell patients
    ‘Luck’ hazmat bunnies to appear in new short film for St. Patrick’s Day
    ‘Steve Jobs and the Apple Computer Revolution’ auction reaches conclusion
    iLounge
    Facebook Twitter Instagram YouTube LinkedIn RSS
    • Contact Us
    • Submit News
    • About Us
    • Forums
    • Privacy Policy
    • Terms Of Use
    This website is not affiliated with Apple Inc.
    iLounge © 2001 - 2023. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.