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Apple | 8-K: Notice of Pendency and Proposed Settlement of Shareholder Derivative Actions

Apple | 8-K: Notice of Pendency and Proposed Settlement of Shareholder Derivative Actions

苹果 | 8-K:股东衍生诉讼待定通知和拟议和解
美股sec公告 ·  05/03 16:40
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On May 3, 2024, Apple Inc. filed a Form 8-K report with the SEC, announcing the preliminary approval by the U.S. District Court for the Northern District of California of a proposed settlement for consolidated derivative lawsuits against the company. The lawsuits, which began in 2019, alleged that Apple's executives breached their fiduciary duties by releasing software updates that slowed iPhone performance without customer consent and by making misleading statements about iPhone sales and demand in China. The settlement includes corporate governance reforms that Apple has agreed to adopt, implement, and maintain. These reforms aim to enhance risk oversight, iOS update transparency, and investor disclosure oversight. The settlement also involves a Fee and Expense Amount of $6,000,000 to Plaintiffs' Counsel and Service...Show More
On May 3, 2024, Apple Inc. filed a Form 8-K report with the SEC, announcing the preliminary approval by the U.S. District Court for the Northern District of California of a proposed settlement for consolidated derivative lawsuits against the company. The lawsuits, which began in 2019, alleged that Apple's executives breached their fiduciary duties by releasing software updates that slowed iPhone performance without customer consent and by making misleading statements about iPhone sales and demand in China. The settlement includes corporate governance reforms that Apple has agreed to adopt, implement, and maintain. These reforms aim to enhance risk oversight, iOS update transparency, and investor disclosure oversight. The settlement also involves a Fee and Expense Amount of $6,000,000 to Plaintiffs' Counsel and Service Awards of $5,000 to each plaintiff. A Settlement Fairness Hearing is scheduled for July 16, 2024, where the court will consider final approval of the settlement. Shareholders as of April 29, 2024, have the right to object to the settlement and may appear at the hearing. The report also includes details on the background of the lawsuits, the mediation process, and the terms of the settlement.
2024 年 5 月 3 日,苹果公司向美国证券交易委员会提交了一份 8-K 表格报告,宣布美国加利福尼亚北区地方法院初步批准了针对该公司的合并衍生诉讼的拟议和解协议。这些诉讼始于2019年,指控苹果高管在未经客户同意的情况下发布了降低iPhone性能的软件更新,并对iPhone在中国的销售和需求发表了误导性陈述,从而违反了信托义务。该和解协议包括苹果已同意采用、实施和维护的公司治理改革。这些改革旨在加强风险监督、iOS更新透明度和投资者披露监督。和解协议还涉及向原告律师支付6,000,000美元的费用和支出金额,并向每位原告提供5,000美元的服务奖励。和解公平听证会定于2024年7月16日举行,届时法院将考虑对和解的最终批准。截至2024年4月29日,股东有权对和解提出异议,并可能出席听证会。该报告还详细介绍了诉讼背景、调解程序和和解条款。
2024 年 5 月 3 日,苹果公司向美国证券交易委员会提交了一份 8-K 表格报告,宣布美国加利福尼亚北区地方法院初步批准了针对该公司的合并衍生诉讼的拟议和解协议。这些诉讼始于2019年,指控苹果高管在未经客户同意的情况下发布了降低iPhone性能的软件更新,并对iPhone在中国的销售和需求发表了误导性陈述,从而违反了信托义务。该和解协议包括苹果已同意采用、实施和维护的公司治理改革。这些改革旨在加强风险监督、iOS更新透明度和投资者披露监督。和解协议还涉及向原告律师支付6,000,000美元的费用和支出金额,并向每位原告提供5,000美元的服务奖励。和解公平听证会定于2024年7月16日举行,届时法院将考虑对和解的最终批准。截至2024年4月29日,股东有权对和解提出异议,并可能出席听证会。该报告还详细介绍了诉讼背景、调解程序和和解条款。
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