Apple Sued By Its Own Shareholders Over Ebook Price-Fixing Fiasco

“According to a complaint filed on Thursday in California state court, [CEO Tim] Cook and other senior Apple figures bear ‘responsibility for ensnaring Apple in a multi-year anticompetitive scheme’ that resulted in a highly-publicized trial and a proposed $450 million payout … The shareholders claim that Cook and others … breached their fiduciary duty to the company and engaged in ‘waste of corporate assets’.”

source ArtsJournal http://ift.tt/WYibbY

Posted in: Dance news