The local authority - and others - had accused the tech giant of misleading shareholders.
The class action alleged the tech giant's boss, Tim Cook, defrauded shareholders by covering up lower demand for iPhones in China.In a statement, the Norfolk Pension Fund said it was "very proud of this recovery for investors".
"When and where it's warranted, we will take decisive action to recover losses when our participants' investments are harmed by fraud."The class action lawsuit - meaning it is on behalf of a group of claimants - centred around comments made by Apple's chief executive Tim Cook. However, two months later, on 2 January 2019, Apple downgraded its quarterly revenue forecast, citing tensions between China and the US - leading to a sharp drop in Apple's share price.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telford & Wrekin Council rubber stamps 4.99 per cent council tax riseTelford & Wrekin Council has rubber stamped a council tax rise to support the rising cost of adult and children social care.
Read more »
Telford & Wrekin Council’s budget plans for 2024/25 approved at Full Council meetingTelford & Wrekin Council’s budget plans for the financial year 2024/25 were approved at a Full Council meeting yesterday.
Read more »
Council name councillor who didn't pay his council taxBolton Council originally refused to name the councillor before being forced to by a government body review
Read more »
Surrey County Council: Woking staff to get new town centre homeSurrey County Council has bought the Victoria Gate building as a new corporate hub.
Read more »
Councillors back move that Powys County Council lobbies against Welsh Government Sustainable Farming SchemeProducing meat would treble in cost if subsidies for farmers didn’t exist, a Powys councillor has said.
Read more »
Stubton Hall abuse survivors’ legal battle with county council could take two more yearsLincoln and Greater Lincolnshire news
Read more »