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Cook’s China comments lawsuit gains class-action status

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A lawsuit brought against Apple by an English council over comments made
by Tim Cook about iPhone demand in China has been granted class-action
status.

A group of shareholders led by the UK’s Norfolk County Council has
succeeded in converting its lawsuit against Apple to a class action
version. The move opens the lawsuit up to any affected shareholder, and
potentially raises the stakes for the iPhone maker.The lawsuit deals with
commentary by Cook during the November 2018 earnings call, in that the
CEO said Apple was seeing sales pressure in some markets. However, Cook
went on to state “I would not put China in that category. …

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