$490M Settlement Between Apple, Investors Over IPhone Sales Gets Final OK

( October 9, 2024, 9:29 AM EDT) -- OAKLAND, Calif. — Finding it “fair, adequate, and reasonable,” a federal judge in California granted final approval of a $490 million settlement in a 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 and awarded class counsel $107.8 million, or 22% of the settlement fund, in attorney fees....