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Apple (NASDAQ: APPL) Investor Securities Class Action Lawsuit 08/24/2006

  • If you purchased shares of Apple Inc (NASDAQ: AAPL), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Apple Inc.
Security
NASDAQ: AAPL

Case Name
Apple Shareholder Class Action Lawsuit 08/24/2006
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
apple_inc_settlement_notice_11_2010.pdf
Settlement Proof
apple_inc_settlement_proof_11_2010.pdf
Filed Complaint
apple_inc_original_filing_edited_8_2006.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$16,500,000.00
Deadline to Participate in Settlement

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Summary

May 17, 2011 - The court approved the settlement.
February 25, 2011 - The court held a final settlement hearing.

November 22, 2010 - The amended settlement was preliminarily approved by the court.

November 12, 2010 - Parties filed an amended stipulation of settlement.

October 12, 2010 - The settlement was preliminarily approved by the court.

September 28, 2010 - Parties filed a stipulation of settlement.

May 14, 2010 - The lead plaintiff filed a corrected amended consolidated complaint.

March 22, 2010 - The lead plaintiff filed an amended consolidated complaint.

January 28, 2010 - U.S. Court of Appeals for the Ninth Circuit issued an opinion affirming in part and reversing in part and remanding for proceedings.

June 17, 2008 - The lead plaintiff filed a notice of appeal.

November 14, 2007 - The court granted defendants' motion to dismiss.

June 8, 2007 - Defendants filed a motion to dismiss.

March 23, 2007 - The lead plaintiff filed an amended complaint;
(1) on behalf of holders of record of Apple’s common stock on March 1, 2005 (the record date for shareholders to be eligible to vote at Apple Inc’s 2005 annual meeting)
and
(2) on behalf of all holders of record of Apple’s common stock who were entitled to vote at the Company’s annual meetings for fiscal years 1995, 1996, 1998, 2000, 2001, 2003 and/or 2005.
The complaint alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between August 24, 2001 and June 29, 2006.

January 30, 2007 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

October 24, 2006 - Lead plaintiff motions were filed.

August 24, 2006 -An investor in shares of Apple Inc (NASDAQ: AAPL) filed a lawsuit in the U.S. District Court for the Northern District of California against Apple Inc over alleged violations of Federal Securities Laws.

The complaint charges that Apple Inc and certain of its officers and directors violated Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rules 10-b(5) and 14a-9 promulgated thereunder between December 1, 2005 through August 11, 2006.

The complaint alleges that defendants made false and misleading statements and omissions concerning Apple Inc's improper and undisclosed practice of backdating options conferred on certain executives which made it appear that such options were issued on dates when the market price of Apple Inc stock was higher than actual market price on the actual grant dates.

apple_inc_original_filing_edited_8_2006.pdf
Date Settled