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CNN —A lawsuit brought by Elon Musk’s X against the nonprofit watchdog group Media Matters has been scheduled for a trial in April 2025, according to a court filing. Thursday’s order by the US District Court for the Northern District of Texas sets the date for a high-profile showdown over Media Matters’ research highlighting antisemitic and pro-Nazi content on the social media platform. In November, X sued Media Matters, alleging that the group went out of its way to misrepresent the likelihood that users may encounter hate speech on the platform. Media Matters declined to comment. Media Matters President Angelo Carusone has previously called X’s suit “frivolous” and an attempt to silence Musk’s critics.
Persons: Elon Musk’s, X, Angelo Carusone, Musk, , Charles Breyer, ” Breyer Organizations: CNN, Media, US, Court, Northern, Northern District of, Center Locations: Northern District, Northern District of Texas, California, Northern District of California
CNN —Former President Donald Trump lost Rep. Mike Garcia’s district by more than 12 points four years ago. I’m the Republican,” said Rep. Lori Chavez-DeRemer, whose Oregon district Biden won by eight points in 2020, confirming she’s sticking with Trump after his conviction. Rep. Mike Lawler, whose New York district Biden carried by 10 points, sharply criticized the prosecution against Trump. Republicans in this camp believe there is no limit to how hard they can lean in to talking about Trump’s conviction and see the Trump verdict as a golden ticket. GOP Rep. Ralph Norman, a Republican hardliner from South Carolina, said Republicans would “absolutely” retaliate against Trump’s political enemies after November, including prosecutors.
Persons: Donald Trump’s, Manu Raju ”, Donald Trump, Mike Garcia’s, ” Garcia, Joe Biden, There’s, Biden, , John Duarte, Trump, , Richard Hudson, ” Hudson, Suzan, ” George Whitesides, Garcia, Mike Garcia, ” Whitesides, “ Joe Biden who’s, “ who’s, I’m, Lori Chavez, DeRemer, Mike Lawler, ” Lawler, Celal, Bernie Moreno, Tim Sheehy, Sherrod Brown, Jon Tester, Sheehy, Tester, ” Tester, ” Brown, I’ve, Brown, Sen, Bob Casey, Stephanie Bice, Anna Moneymaker, Nick LaLota, Attorney Alvin Bragg, ” LaLota, Republican Sen, Thom Tillis, Mitch McConnell, ” Tillis, Mike Johnson, Jim Jordan, Johnson, – Jordan, Chip Roy, ” Roy, Marjorie Taylor Greene, ” Greene, Ralph Norman, ” Norman, Tesfaldet, Morgan Rimmer Organizations: CNN, California Republican, Trump, , Republicans, Democrats, Biden, GOP, North Carolina Republican, , Democratic, of, Republican, Washington DC, Getty, New York, Manhattan, Attorney, Department of Justice, DOJ, Republican Party Locations: California, York, Washington, of California, Oregon, New York, Anadolu, Ohio, Montana, Pennsylvania, Washington , DC, New, Hill, South Carolina
“Baby Reindeer” has topped most-watched lists worldwide since its debut in April, generating headlines and speculation about the characters and who inspired them. Her complaint lists Netflix and Netflix Worldwide Entertainment as defendants. The document alleges that the defendants and Gadd told the “biggest lie in television history” by claiming the story is true. In an essay for Netflix, he said the situation was “messy” and “complicated,” but he believed the story needed to be told. In the complaint, Harvey said within a few days of the show airing she began to receive messages, including death threats, identifying her as Gadd’s alleged stalker.
Persons: ” Fiona Harvey, Richard Gadd, Harvey, sleuths, Martha Scott, , Piers Morgan, Gadd, Donny Dunn, , , Richard Gadd’s, ” Gadd, Jessica Gunning, Ed Miller, Scott, “ It’s Organizations: CNN, Netflix, Court, Central, Central District of, YouTube, Entertainment, Edinburgh Fringe, Guardian Locations: Scottish, Central District, Central District of California, London
A YouTuber was arrested over a stunt involving fireworks, a helicopter, and a Lamborghini. The 24-year-old is accused of causing fireworks to be shot out of a moving helicopter. Police believe he directed it without permits and used fireworks that were illegal in California. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 24-year-old YouTuber could face up to 10 years in prison after being accused of directing a social media stunt involving two women illegally shooting fireworks out of a helicopter at a Lamborghini.
Persons: YouTuber, , Suk Min Choi, Alex Choi Organizations: Lamborghini, Police, Service, US, Office, Central, Central District of California, Business Locations: California, Central District
A professional rock climber who repeatedly sexually assaulted a woman during a weekend trip to Yosemite National Park in 2016 was sentenced on Tuesday to life in prison, prosecutors said. Mr. Barrett “used his status as a prominent climber to assault women in the rock-climbing community,” Mr. Talbert said. Three other women testified that he had sexually assaulted them, though their cases were not federally charged because they fell out of the prosecutors’ jurisdiction. “Barrett’s long history of sexual violence supports the imposition of a life sentence,” Mr. Talbert said. Timothy Patrick Hennessy and David A. Torres, the lawyers for Mr. Barrett, said in a joint statement on Tuesday: “We believe that imposition of a life sentence was excessive.
Persons: Charles Barrett, Phillip A, Talbert, Barrett “, ” Mr, , Mr, Timothy Patrick Hennessy, David A, Torres, Barrett, Organizations: Yosemite National, Eastern, Eastern District of Locations: Yosemite, U.S, Eastern District, Eastern District of California
A former California official pleaded guilty to conspiring to steal more than $1.5 million of water, but the decadeslong water heist case still has more questions than answers. The US attorney said Falaschi was responsible for stealing somewhere between $1.5 million and $3.5 million worth of water. Falaschi's plea agreement claims he's responsible for stealing only a fraction of the original $25 million prosecutors accused him of taking in the original indictment. The plea agreement also said Falaschi was one of several people involved in the misconduct and that he was unaware of the full extent of the misconduct. Of the water Falaschi took, the plea agreement said almost all of it was taken to "blend down and reuse drainage water, which helped protect farmland and improve water quality in the San Joaquin River."
Persons: Dennis Falaschi, Falaschi, should've, Robin Hood, he's Organizations: Service, US, Eastern, Eastern District of, Business, Prosecutors, Los Angeles Times, Times Locations: California, Fresno, Merced Counties, Eastern District, Eastern District of California, San Joaquin
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY SportsA major change could be coming for college athletes — they may soon start getting paid. Other casesThe settlement is expected to cover two other antitrust cases facing the NCAA and major conferences that challenge athlete compensation rules. Hubbard v. the NCAA and Carter v. the NCAA are also in front of judges in the Northern District of California. College sports have been trending in this direction for years, with athletes receiving more and more monetary benefits and rights they say were long overdue.
Persons: Charles LeClaire, , Charlie Baker, Steve Berman, Grant, Michael McCann, McCann, Logan Riely, Hubbard, Carter, Fontenot, they're, George Zelcs Organizations: PPG Paints, NCAA, ACC, SEC, Former Arizona State, Grant House, Sedona Prince, TCU, NBC, Washington Huskies, Michigan Wolverines, College Football Playoff, Notre Dame, Big, Atlantic Coast, Washington, Oregon State, Northern District of, College Locations: Oregon, amateurism, Houston, Southeastern, Washington State, Northern District, Northern District of California, Colorado, Fontenot
CNN —Some iPhone 7 and iPhone 7 Plus owners may be eligible for a payout as part of a $35 million settlement. iPhone 7 and iPhone 7 Plus users who experienced issues related to the audio chip could receive up to $349 in compensation as part of a 2019 lawsuit filed in the US District Court for the Northern District of California. Apple denied the devices had these issues and all allegations of wrongdoing, according to the Settlement Administration website. Eligible users might receive an email or postcard in the mail about the settlement. This isn’t the first lawsuit payout for the iPhone 7 models.
Persons: Siri Organizations: CNN, Court, Northern, Northern District of, Apple, Administration Locations: Northern District, Northern District of California
Some Apple customers who owned an iPhone 7 or 7 Plus and experienced audio issues may be entitled to up to $349 as part of a proposed $35 million settlement on a class-action lawsuit. The lawsuit, which was filed in 2019 in the U.S. District Court for the Northern District of California, claimed that the iPhone 7 and the iPhone 7 Plus had audio issues related to the “audio IC” chip in those devices, according to a settlement administrator’s website. The settlement received preliminary approval last year. Apple has denied the allegations of audio problems and has denied any wrongdoing, according to the website. The company did not immediately respond on Thursday to a request for comment about the settlement.
Persons: Andrea Gold, Greg Coleman, Organizations: Apple, Northern, Northern District of Locations: U.S, Northern District, Northern District of California
CNN —College athletes could soon get dramatically different paychecks. The lawsuitThe House v. NCAA lawsuit was filed by Grant House and Sedona Prince, two college athletes, against the NCAA and the Power 5 conferences – the Pac-12, Big Ten, Big 12, Southeastern and Atlantic Coast – in US District Court Northern District of California Oakland Division in 2020. But college athletes in the House lawsuit say current NIL rules and an “anticompetitive” college system hurt their chances to make money. The possible settlement comes against a backdrop of attitudes toward college athletes receiving payments gradually changing. Earlier this year, members of the Dartmouth College men’s basketball team became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports.
Persons: Grant, Caitlin Clark, Caleb Williams, NILs, Michael Reaves, , Chris Jones, ” Jeffrey Kessler, Kessler Organizations: CNN — College, National Collegiate Athletics Association, NCAA, Grant House, Sedona Prince, Big, of California Oakland Division, College, Football, Division, Department of Education, Supreme, Iowa, USC, Westmont, FMC, CNN, National Association of Collegiate, Athletics, Baylor Lady Bears, USA, Sports, Reuters, Yahoo Sports, Athletic, ESPN, ACC, Dartmouth College men’s Locations: Southeastern, Atlantic, California, U.S, United States
CNN —A federal judge on Friday sentenced David DePape to 30 years in prison, after he was convicted in the violent October 2022 attack on Speaker Emerita Nancy Pelosi’s husband, Paul. DePape was sentenced to 30 years for assault and 20 years for attempted kidnapping, which will run concurrently. DePape recalled that he was looking for Nancy Pelosi and that her husband had not been on his list of targets. She’s in Washington,” Pelosi recalled answering. He was violently struck in the head following a struggle with DePape, Pelosi said.
Persons: David DePape, Nancy Pelosi’s, Paul, DePape, Jacqueline Scott Corley, , Paul Pelosi, Nancy Pelosi, , , I’ll, ” DePape, Pelosi “, ” Paul Pelosi, Narendra Modi, Stefani Reynolds, Pelosi, “ She’s, ” Pelosi, “ I’ve Organizations: CNN, Northern, Northern District of, India's, White, Getty Locations: Northern District, Northern District of California, San Francisco federal, Washington ,, AFP, Washington
Shares of Xponential Fitness , the parent company of CycleBar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely and would become an inactive member of the board. Xponential Fitness, which owns more than 3,000 boutique fitness and wellness studios globally, also said it received notice last week of a probe by the U.S. Attorney's Office for the Central District of California. Piper Sandler maintains a hold rating on Xponential Fitness stock, but lowered its price target to $9 from $12. Xponential Fitness' leadership had previously disclosed an SEC investigation in December, which alleged that the company provided false and/or misleading information to investors, including unit volume metrics and franchise closures. "The Company intends to continue cooperating with the SEC and intends to cooperate with the USAO," Xponential Fitness said in a press release announcing the executive changes.
Persons: Anthony Geisler, Brenda Morris, Korinne Wolfmeyer, Piper Sandler Organizations: U.S, Attorney's, Central, Central District of, SEC, Fitness Locations: CycleBar, Barre, Central District, Central District of California
Clients paid upfront fees ranging from $35,000 to more than $100,000 to have their stores run by Wealth Assistants. AdvertisementThe complaint also alleges that Carroll — who was Wealth Assistants' founder and CEO — and the Days violated securities laws because the business opportunity they sold through Wealth Assistants could be considered unregistered securities. Related stories"Plaintiffs' evidence shows that each of the Individual Defendants made intentional misrepresentations in connection with Wealth Assistants' services," the order reads. It follows another lawsuit that was brought against Wealth Assistants in California Superior Court in San Bernardino County in January. Wealth Assistants claimed that the digital bank froze its accounts without warning or explanation in October and is still withholding its funds.
Persons: , — Ryan Carroll, Max K, Michael Day —, Max O, Carroll —, Judge Wesley Hsu, Carroll, Nico Banks Organizations: Service, Court, Central, Central District of, Wealth, Business, Washington, Banks Law Office, Bank Locations: Central District, Central District of California, DC, California, San Bernardino County, Tennessee, mstone@insider.com
Now there are hundreds of such lawsuits against social media platforms, alleging teenagers across the country have been harmed from exposure to social media, according to Matthew Bergman, the founder of the Social Media Victims Law Center, from where many of these lawsuits have been filed. Jaime Puerta said he has met with police departments, government agencies and schools to discuss the dangers of social media platforms. Mayor Eric Adams makes announcement on lawsuit against social media companies at City Hall in New York City. Next, she said she wants to work with lawmakers to help increase the age requirement to access social media sites. Donna and Chris Dawley have attended conferences, events and Congressional hearings to raise awareness about social media addiction.
Persons: Jaime Puerta’s, Daniel, Puerta, Snapchat, Matthew Bergman, Koukichi Takahashi, TikTok, ” Puerta, , , Jaime Puerta, Meta, Gail Flatt, Sarah’s, Sarah, Flatt, Republican Sen, Marsha Blackburn, Sen . Blackburn, Blackburn, Mark Zuckerberg, who’ve, “ I’m, Norma Nazario, Zackery, Eric Adams, Nazario, Lev Radin, Ron DeSantis, Jaime Puerta – Amy Neville, Alexander, , she’s, Neville, ” Amy Neville, Alexander Neville, Amy Neville, Democratic Sen, Amy Klobuchar, Sen, Klobuchar, Sabine Polak, Polak, Mileva, ” Polak, Repasky, it’s, Cece Nelter, Independence , Kentucky –, Instagram, Cece, Nelter, Donna, Chris Dawley –, CJ, ” Donna Dawley, Prince Harry, Meghan Markle, Chris Dawley, Donna Dawley “, Donna Dawley, “ We’ve Organizations: CNN, International Association for Suicide Prevention, Befrienders, Social Media, Law, Meta, Adobe, Big Tech, Los Angeles, Central Intelligence Agency, CIA, Homeland Security, Centers for Disease Control, Prevention, Drug, Administration, Federal, Facebook, Wall, Northern District of, Republican, Union, New York City, New York, City Hall, Pacific Press, TikTok, Florida Republican, Snapchat, Alexander Neville Foundation, Alexander, Parent, Academy, Democratic, Media, Free Schools Movement Locations: Northern District, Northern District of California, Instagram, Tennessee, Biden’s, New York, New, New York City, Florida, United States, Minnesota, Phoenixville , Pennsylvania, , Independence , Kentucky
A family-run business shut down after 38 years following a disability access lawsuit. The owners say they proposed adding a wheelchair ramp, but that the landlord said it was too expensive. AdvertisementA family-run burger joint in Richmond, California, closed on Thursday after 38 years of business, citing a lawsuit over a lack of wheelchair access as a contributing factor. In their closure announcement, the owners mentioned a recent lawsuit as having "taken a toll" on the burger joint. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Northern District of, Business Locations: Richmond , California, Northern District, Northern District of California
Ippei Mizuhara faces a federal charge of bank fraud after making unauthorized transfers from Ohtani’s bank account from November 2021 until January 2024, US Attorney Martin Estrada said Thursday. “We expect that the court will order Mr. Mizuhara released on bond,” Mrozek said in a written statement. Ippei Mizuhara, left, the then-interpreter for Los Angeles Dodgers star Shohei Ohtani, right, leave a news conference on March 16. But “over time, Mr. Mizuhara’s bets became more and more frequent. Major League Baseball issued a statement Thursday in response to news about Mizuhara’s federal charge.
Persons: Ohtani, Ippei, Martin Estrada, Mizuhara, Thom Mrozek, ” Mrozek, , , Ohtani –, ” Estrada, , Ippei Mizuhara, Shohei Ohtani, Lee Jin, Estrada, Mizuhara’s, Mr, “ Mr, “ Ohtani, CNN’s Nick Watt Organizations: CNN, US, Office, Central, Central District of, Los Angeles Dodgers, Dodgers, MLB, ESPN, Los Angeles Times, Major League Baseball Locations: Central District, Central District of California, Los Angeles, Japan, United States, South Korea
Mizuhara is charged with bank fraud, which carries a maximum sentence of 30 years in prison. Mizuhara committed "massive fraud" against Ohtani to satisfy an "insatiable appetite for illegal sports gambling," Estrada said. Mizuhara, who did not bet on baseball, is "linked to an illegal gambling operation," Estrada said. The transfers from the bank account were made from devices and IP addresses associated with Mizuhara, federal prosecutors said in a statement. During this time, the contact information on Ohtani's bank account allegedly was changed to connect the account to Mizuhara's phone number and to an anonymous email address linked to Mizuhara, prosecutors said.
Persons: Shohei Ohtani, Ippei, Ippei Mizuhara, Mizuhara, Martin Estrada, Ohtani, Estrada, Mizuhara's Organizations: Los Angeles Dodgers, Dodgers, Dodger, Major League Baseball, Central, Central District of, Ohtani, Los Angeles Angels, NBC News Locations: Los Angeles, Newport Beach , California, U.S, Central District, Central District of California, Anaheim, Southern California
Federal prosecutors released a detailed complaint on Thursday that claimed Ippei Mizuhara, the former interpreter for Shohei Ohtani, orchestrated a sprawling scheme over years to steal $16 million of the baseball star’s money to feed his gambling addiction. The money that Mizuhara took from Ohtani came directly from an account where Ohtani’s baseball salary was paid, the authorities said. “There’s no indication Mr. Ohtani authorized the $16 million from his account to the bookmakers,” said E. Martin Estrada, the U.S. attorney for the Central District of California. The authorities charged Mizuhara with bank fraud, for which the maximum penalty is 30 years in prison. The complaint contains a message sent by Mizuhara in which he admits to a bookmaker that he stole the money from Ohtani.
Persons: Ippei Mizuhara, Shohei Ohtani, Mizuhara, Ohtani, , , Martin Estrada Organizations: Central, Central District of, Mizuhara Locations: U.S, Central District, Central District of California, Ohtani
Instead, the policy turned out to be guidance, rather than a binding rule. Conservative politicians are encouraging judges to reject it, while Democrats are pushing to make the policy mandatory. And some Texas judges have stated that they will make up their own minds about what to do. “It’s very unusual for a conference policy to become a political firestorm like this,” said Jeremy Fogel, a retired federal judge who served in the Northern District of California. “I think that is unprecedented.”Mitch McConnell, the Senate minority leader, swiftly condemned the new policy, which would deprive conservative activists of a potent weapon in their legal arsenal, one that they have wielded with great success in rolling back abortion rights and some Biden administration policies.
Persons: , Jeremy Fogel, ” Mitch McConnell, Biden Organizations: Judicial Conference, Northern District of Locations: Texas, Northern District, Northern District of California
Read previewThe foundation representing 20th Century artist Donald Judd is suing Kim Kardashian and her designers over a set of "knockoff" tables and chairs. "The tables and chairs shown in the Kardashian Video are not authentic Donald Judd pieces fabricated by Judd Foundation but were instead unauthorized knockoffs that were produced by Clements Design," the complaint said. "If you guys are furniture people — because I've really gotten into furniture lately — these Donald Judd tables are really amazing and totally blend in with the seats," she said. AdvertisementThe filing also includes alleged invoices from Clements Design showing line items for two tables and 24 chairs made of plywood "in the Style of Donald Judd." Donald Judd died in 1994, and his namesake foundation now manages his legacy and intellectual property.
Persons: , Donald Judd, Kim Kardashian, Kardashian, Kardashian's, I've, Clements, Judd Organizations: Service, Central District of, Judd, Business, Judd Foundation, Clements Design, YouTube, Foundation Locations: Central District, Central District of California, Texas
CNN —A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. Breyer held that the reports were “unquestionably” protected by the group’s free speech rights. Now, that decision could embolden other research groups and Musk critics who have faced legal threats from the billionaire. Researchers face hurdles to studying on-platform behaviorResearchers from non-profits and academic institutions have had a harder time studying X since Musk’s takeover in 2022. But one of Musk’s first changes at X was to put access to platform data behind a steep paywall.
Persons: reprimanding Elon Musk’s, Charles Breyer, Breyer, CCDH, X, Northern District of California —, Musk, White, Elon, , Alex Abdo, ” Abdo, Angelo Carusone, Carusone, Andrew Bailey, , ” Carusone, David Karpf, ” Karpf, Nora Benavidez, Benavidez Organizations: CNN, Center, Court, Northern, Northern District of, Columbia University, “ Society, Twitter, Anti, Defamation League, Microsoft, Meta, Media, AGs, School of Media, Public Affairs, George Washington University, ” Free Press, Free Press Locations: Northern District, Northern District of California, Texas, Missouri
CNN —A federal judge on Monday threw out a lawsuit by Elon Musk’s X that had targeted a watchdog group for its critical reports about hate speech on the social media platform. In a blistering 52-page order, the judge blasted X’s case as plainly punitive rather than about protecting the platform’s security and legal rights. X has blamed CCDH’s reports, which showcase the prevalence of hate speech on the platform, for amplifying brand safety concerns and driving advertisers away from the site. In the suit, X claimed that it had suffered tens of millions of dollars in damages from CCDH’s publications. “If CCDH’s publications were defamatory, that would be one thing, but X Corp. has carefully avoided saying that they are,” Breyer wrote.
Persons: Elon Musk’s, , Charles Breyer, ” Breyer, X, CCDH’s, Musk, Alex Jones, Breyer, , CCDH, X’s, Imran Ahmed, @CCDHate, @ElonMusk’s @X, ” Ahmed, Ahmed, “ X Organizations: CNN, Court, Northern, Northern District of, Twitter, X Corp, Center Locations: Northern District, Northern District of California, Newtown , Connecticut, California, San Francisco
A federal judge in California dismissed a lawsuit filed by Elon Musk's X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the "case is about punishing the Defendants for their speech." X sued the research group in July, accusing it of implementing a "scare campaign" to drive away advertisers. The company also accused CCDH of improperly accessing data from the platform and selectively picking posts to "falsely claim" that X is "overwhelmed with harmful content." CCDH also found that Twitter failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. In one instance, X has sued an Israeli web data collection company called Bright Data over its allegedly unauthorized scraping of data from its social media platform.
Persons: Elon Musk's, X, CCDH, Musk, Charles Breyer, Breyer, Roberta Kaplan, Donald Trump, E, Jean Carroll, Trump, Carroll, Xfinity Organizations: CCDH, Northern District of, Twitter, CNBC, X, Bright, Media Matters, America, Apple, Bravo, IBM, Oracle Locations: California, Northern District, Northern District of California, Silicon Valley, Texas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA lawsuit that Elon Musk's X filed last year against a research group was thrown out Monday, with US District Judge Charles Breyer saying, "This case is about punishing the Defendants for their speech." But Breyer wrote "there can be no mistaking" that the real motive of the suit was to bully X's critics into silence. Related storiesWhen asked for comment on the decision, the press email for X replied, "Busy now, please check back later." Musk has previously said he's a "free speech absolutist" and that his "thermonuclear" lawsuits against media-watchdog groups are about "protecting free speech."
Persons: , Elon Musk's X, Charles Breyer, X, Breyer, Musk, Imran Ahmed, lawfare Organizations: Service, US, Northern District of, Business, X Corp, Media Matters Locations: Northern District, Northern District of California
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. Apple has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez Rogers. Apple posted $97 billion of net income in its latest fiscal year, and its payout equals a little under two days of profit. The case is In re Apple Inc Securities Litigation, U.S. District Court, Northern District of California, No.
Persons: Tim Cook, Yvonne Gonzalez Rogers, Cook, Shawn Williams, Rogers, Apple Organizations: Apple Inc, Apple Worldwide, Apple, U.S, Norfolk Pension Fund, Apple Inc Securities Litigation, Court, Northern District of Locations: Cupertino , California, China, Oakland , California, Brazil, India, Russia, Turkey, Norfolk, Norwich, England, Northern District, Northern District of California
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