Apple accused of securities fraud over iPhone sales
https://www.mercurynews.com/2019/04/16/apple-accused-of-securities-fraud-over-iphone-sales/
Apple knew in November its iPhone sales were in trouble, but painted a falsely rosy picture for investors that amounted to securities fraud, a new lawsuit claims.
The lawsuit seeks class-action status, to bring in everyone who bought Apple common stock between November 2, 2018 and January 2, 2019. The plaintiff estimated hundreds of thousands of investors who allegedly suffered economic loss could sign on.