Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Apple shareholder sues Jobs' estate & Cook over hiring deals

Apple shareholder sues Jobs' estate & Cook over hiring deals

An Apple shareholder has filed a lawsuit against founder Steve Jobs posthumously, as well as current chief executive Tim Cook.

According to Sky News, the lawsuit alleges the tech giant misled investors and damaged the value of the company by striking a hiring agreement with rivals. The case was filed by shareholder R. Andre Klein on behalf of all Apple shareholders.

In the court papers, Klein alleges Apple violated the US Securities and Exchange Act by making deals with tech firms such as Google, Intel, Adobe and others to not actively recruit employees away from each other.

Klein is demanding an unspecified payment from the company for damages to shareholders as a result of the case.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter