An investigation on behalf of current long term investors in Apple Inc. (NASDAQ: AAPL) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: AAPL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/11/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Apple Inc..
Investors who are current long term investors in Apple Inc. (NASDAQ: AAPL) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: AAPL stocks follows a lawsuit filed against Apple Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AAPL stocks, concerns whether certain Apple directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants failed to disclose that the U.S.-China trade war had negatively impacted demand for iPhones and Apple's pricing power in greater China, that due to Apple discounting the cost of replacement batteries to make up for the Company's prior conduct of intentionally degrading the performance of the batteries in older iPhones, the rate at which Apple customers were replacing their batteries in older iPhones, rather than purchasing new iPhones, was negatively impacting Apple's iPhone sales growth, that as a result of slowing demand, Apple had slashed production orders from suppliers for the new 2018 iPhone models and cut prices to reduce inventory, and that defendants' decision to withhold unit sales for iPhones and other hardware, which was a metric relevant to investors and their view of the Company's financial performance, was designed to and would mask declines in unit sales of the Company's flagship product. As a result of this information being withheld from the market between November 2, 2018 and January 2, 2019, the price of Apple stock was artificially inflated to more than $209 per share.
Those who purchased shares of Apple Inc. (NASDAQ: AAPL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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