Apple must face shareholder lawsuit over CEO Cook’s China sales comments

Apple has been ordered to face a proposed class-action shareholder lawsuit which accuses CEO Tim Cook of concealing falling demand for iPhones in China, which resulted in billions of dollars of claimed investor losses.
Apple CEO Tim CookJonathan Stempel for Reuters:In a decision on Wednesday, U.S. District Judge Yvonne Gonzalez Rogers said shareholders led by a UK pension fund can sue over Cook’s comment on a Nov. 1, 2018, analyst call that while Apple was facing sales pressure in some eme