Norfolk County Council beats Apple in £385m iPhone row
Image source, ReutersApple has agreed to pay $490m (£385m) to settle a lawsuit led by Norfolk County Council. The class action alleged the tech giant's boss, Tim Cook, defrauded shareholders by covering up lower demand for iPhones in China.Norfolk Council said a pension fund it administered lost money as a result of Mr Cook's actions. In a statement, the Norfolk Pension Fund said it was "very proud of this recovery for investors."The statement continued: "We are mindful that we are stewards of p...
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