Overview

• Apple has agreed to pay $490 million to settle a class action lawsuit led by the UK's Norfolk County Council.
• The lawsuit accused CEO Tim Cook of misleading shareholders about iPhone demand in China in 2018.
• Despite the settlement, Apple denies any wrongdoing, stating the decision was made to avoid further litigation costs.
• Investors who bought Apple shares between November 2018 and January 2019 could be eligible for a piece of the settlement.
• The settlement still requires approval from U.S. District Judge Yvonne Gonzalez Rogers.