News Score: Score the News, Sort the News, Rewrite the Headlines

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...

Read more at bbc.co.uk

© News Score  score the news, sort the news, rewrite the headlines