IN RE APPLE INC. SECURITIES LITIGATION

Good Law
United States District Court, Northern District of CaliforniaNovember 4, 20204:19-cv-02033California9,400 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 5 IN RE APPLE INC. SECURITIES LITIGATION CASE NO. 19-cv-02033-YGR

ORDER GRANTING IN PART AND DENYING

IN PART DEFENDANTS’ MOTION TO

DISMISS THE REVISED CONSOLIDATED

CLASS ACTION COMPLAINT Re: Dkt. No. 118

11 Lead plaintiff Norfolk County Council as Administering Authority of the Norfolk Pension Fund (“Norfolk”) brings this securities class action litigation alleging false and misleading statements and omissions between November 2, 2018 and January 2, 2019 (the “Class Period”), against defendants Apple Inc. (“Apple” or the “Company”), Timothy D. Cook (Chief Executive Officer, or “CEO,” of Apple), and Luca Maestri (Chief Financial Officer, or “CFO,” of Apple). Specifically, plaintiff raises two causes of action: (1) violation of Section 10(b) of the Securities Exchange Act (“Exchange Act”) and Rule 10b-5 promulgated thereunder by all defendants, and (2) violation of Section 20(a) of the Exchange Act by…

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