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
Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter