toggle

AAPL Stock: 97.67 ( + 0.64 )

Subscribe to this page now.

NYC pension fund continues with Apple suit

12/18, 10:55am

NYC pension fund lawsuit

A group managing the pension fund for New York City's public servants is continuing a lawsuit against Apple, despite a ruling suggesting it should not, reports say. In November, Judge Jeremy Fogel of the US District Court in San Jose determined that the New York City Employees' Retirement System (NYCERS) had no basis for suing Apple over stock backdating, as it hadn't actually suffered damages. Fogel did recommend joining a derivative suit that would not have produced payouts, but NYCERS has instead chosen to re-file a second version of the suit.

more

MacNN Sponsor

MacNN Newsletter

FREE Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    MacNN Sponsor

    Recent Reviews

    JBL Synchros E40BT headphones

    For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

    Razer Taipan mouse

    The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

    Cambridge Audio DacMagic XS

    Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

    toggle

    Most Commented