March 19, 2024
A California federal judge threw out for good an Apple shareholder's decade-old proposed class derivative suit that alleged the tech giant's top brass caused losses by cutting illegal anti-poaching agreements with tech rivals, finding that the case is barred by a 2021 state appellate court ruling.
May 30, 2023
A California federal judge on Tuesday tossed with leave to amend a 9-year-old derivative suit by a proposed class of Apple shareholders claiming the tech giant's top brass caused losses by cutting illegal anti-poaching agreements with tech rivals, ruling that certain claims are time-barred and the demand futility allegations are insufficient.
July 06, 2016
Apple Inc. shareholders urged the Ninth Circuit Wednesday to lift a stay on their derivative suit alleging Apple executives harmed the tech giant by forming illegal anti-poaching agreements with rivals, arguing the district court had "no discretion" to stay the case while a related state court suit plays out.
May 26, 2015
A shareholder derivative lawsuit accusing Apple Inc. executives of harming the company by engaging in illegal and anti-competitive anti-poaching agreements with other tech giants has been put on ice by a California federal judge while a related state court proceeding that contains certain identical issues plays out.
April 20, 2015
Apple Inc. executives on Friday said that they didn't know anything about founder Steve Jobs' alleged anti-poaching agreements with other technology companies, reiterating that a California federal judge should kick a shareholder derivative suit alleging that Apple's board hurt the company by failing to stop the purported misconduct.
April 10, 2015
Shareholders suing Apple Inc. executives for misleading shareholders about their participation in illegal deals with other tech giants not to poach one another's developers on Thursday urged a federal judge not to stay the suit in favor of a California state suit.
January 13, 2015
Apple Inc. executives urged a California federal judge Friday to toss a derivative lawsuit filed by a putative class of shareholders who alleged the board harmed Apple by engaging in illegal anti-poaching agreements with other tech giants and misleading shareholders about the purported misconduct, saying the named plaintiff failed to meet pre-suit requirements.
August 12, 2014
The board of directors of Apple Inc. on Monday was hit with a derivative lawsuit in a California federal court filed by a putative class of shareholders who allege the board harmed Apple by engaging in illegal anti-poaching agreements with other tech giants that exposed Apple to excessive and ongoing litigation and related costs.