Apple Shareholders To Sue CEO Tim Cook And Other Executives

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A couple of Apple shareholders are set to sue Apple CEO Tim Cook, along with a number of other executives, over their involvement in ebook price fixing. The group believe that the scandal has damaged the company and they are seeking for Cook and his fellow colleagues to pay damages to shareholders.

This is how Giagom started it.

In the case of Apple, the shareholders claim that Cook and others, including directors Al Gore and Bill Campbell, breached their fiduciary duty to the company and engaged in “waste of corporate assets.” They want the court to order Apple’s board to implement better governance measures, and for Cook and the other defendants to pay restitution to shareholders and to pay the shareholders’ legal bills.

TheTega

TheTega

"Tega is a writer/OAP, Lover of all things Tech, Sports and TV Series"

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