Apple Again Seeks End To Investors' IPhone Sales Suit

Law360 (July 14, 2020, 9:44 PM EDT) -- Apple Inc. on Monday again sought to shed a proposed securities class action in California federal court over alleged misstatements about iPhone sales, telling a judge that the latest version of its investors' suit did not include details supporting the claim that the company's CEO had lied to the public.

In a motion to dismiss its shareholders' complaint, the company, its chief executive Tim Cook, and its senior vice president and chief financial officer Luca Maestri told U.S. District Judge Yvonne Gonzalez Rogers that the investors' "allegations are baseless and false."

The company claimed that the most recent version of the...

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