Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter