Captain Caveman
Platinum Member
Norfolk County Council beats Apple in iPhone row - BBC News
The local authority - and others - had accused the tech giant of misleading shareholders.
www.bbc.co.uk
Apple has agreed to pay $490m (£385m) to settle a lawsuit led by Norfolk County Council.
The class action alleged the tech giant's boss, Tim Cook, defrauded shareholders by covering up lower demand for iPhones in China.
Norfolk Council said a pension fund it administered lost money as a result of Mr Cook's actions.
A bit of a head scratcher this one. I assume it's Norfolk County Council UK? In my eyes, Cook never entered into any contract with anyone, if he wants to say truthful statements or porky pies (lies). Anyone can take or not take anything he says and do or not do anything because of that. But the Council et. al. won. Just seems a bit bizarre to me.