Apple faces lawsuit over CEO Cook's comments

Apple CEO Tim Cook said there was no proof they defrauded or intended to defraud the plaintiffs

Apple has been ordered to face a proposed class-action lawsuit by shareholders who accused chief executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of investor losses.

US District Judge Yvonne Gonzalez Rogers said shareholders led by a UK pension fund can sue over Mr Cook’s comment on a November 1, 2018, analyst call that while Apple was facing sales pressure in some emerging markets, saying: “I would not put China in that category”.