Apple Sued by Shareholders Over Anti-Poaching Agreements

Apple Sued by Shareholders Over Anti-Poaching Agreements

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Apple is being sued by shareholders over its anti-poaching agreements, according to a verified derivative complaint. Apple shareholder R. Andre Klein is suing on behalf of all shareholders and is seeking to remedy the "wrong doing" committed by Apple's senior directors.

The suit claims that the no-hire agreements been Google, Adobe, and Intel has misled investors, caused millions in damages, and hurts the image of the company. The suit seeks damages for all shareholders and lists some top senior executives, including Tim Cook as defendants.

Steve Jobs was also mentioned in the suit, as Klein attacked his "zealous pursuit of profits."

"Jobs's conduct is a reminder that even widely respected businessmen can knowingly commit unlawful acts in the zealous pursuit of profits."

"In this case, Jobs and the other individual defendants knowingly caused Apple to enter into agreements that violated California law and US antitrust laws."

This recent suit comes just as US Judge Lucy Koh rejected a $324.5 million proposed settlement that was reached earlier this year between the companies.

Read More [via Sky News]

Apple Sued by Shareholders Over Anti-Poaching Agreements

Headbanger - August 18, 2014 at 3:43am
To me this sounds like someone's jealous over apples profit margin.
Kevin - August 17, 2014 at 8:19am
Everybody wants money from Apple!.
Crapple Cunt John - August 16, 2014 at 6:39pm
Soon the public will sue them for stealing their hard earned money for years by selling some scrap. Obviously iSheeps wouldn't care even then. LOL
Samshit bibitch scrawn - August 17, 2014 at 12:41pm
Soon the trolls will rot their brains into scrotums for educating them like this, poor fucks playing that gullible game. Some samsheeps are barely smarter than that. LAWL
ratGT - August 16, 2014 at 5:10pm
Curiously enough, all these aggressive attacks and weird lawsuits only occur to Apple. There's no other electronics/software manufacturer that attacked as much as Apple is. Is this a coincidence? I don't think so!...
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