Apple agreed to pay $490 million to settle a class-action lawsuit that
alleged Chief Executive Tim Cook defrauded shareholders by concealing
falling demand for iPhones in China.
...
The settlement covers investors who bought Apple shares in the two
months between Cook's comments and the revenue forecast.
...
Apple posted $97 billion of net income in its latest fiscal year, and
its payout equals a little under two days of profit.
Last June, Rogers refused to dismiss the lawsuit.
She found it plausible to believe Cook had been discussing Apple's
sales outlook and not currency changes, and said Apple knew China's
economy was slowing and demand could fall.
https://www.reuters.com/legal/apple-reaches-490-million-settlement-with-shareholders-over-china-sales-comments-2024-03-15/
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