Federal Judge Gives 1st OK To $490M Settlement Between Apple, Investors

(June 6, 2024, 9:56 AM EDT) -- OAKLAND, Calif. — A federal judge in California granted preliminary approval to a proposed $490 million settlement in a putative class complaint brought by investors in Apple Inc. who say the company’s CEO issued misleading statements about Apple’s sales of iPhones in China, saying the settlement appears to be fair and reasonable....