Apple, Inc is Accused of Misleading Stockholders; Lawsuit Filed



(Beverly Hills, CA) Essentially, the U.S.-China trade war or the China-United States trade war; is a dispute over tariffs and intellectual property rights.  In April of the year 2018, the United States of America filed a formal request with the World Trade Organization, for consultation.  The consultation is in regards to the Country of China violating international intellectual property rights.  In turn the Government of the United States of America is empowered by the Trade Act of 1974, to impose tariffs on China.  As a counter measure, China’s State Council Tariff Tax Committee, decides tariffs on products that originate in the United States of America.  The continuing and never ending dispute is that laws of the Country of China, always undermine intellectual property rights.  Specifically; it is disputed that Chinese businesses always use, improve, copy or outright steal U.S. technologies.  Recently, the bi-coastal law firm Thornton Law Firm, LLP announced that, it has filed a lawsuit against Apple, Inc.  The lawsuit is from stockholders and investors who have lost money, through, Apple, Inc. securities.  Specifically, the U.S.-China trade war is in the center of all of the action.  
Luca Maestri
Timothy Cook
             The U.S.-China trade war, as the center of things, is how Apple, Inc. willingly made false and misleading statements regarding Apple’s business operations and prospects.  The previously stated, is according to the Thornton Law Firm, LLP, and, it is the essence of the lawsuit against Apple, Inc. (NASDAQ:  AAPL).  In the finance world, a security is a tradable financial asset.  A common stock, or, a preferred stock are two types of securities.  According to the Thornton Law Firm, LLP; stockholders and investors feel misled by Apple, Inc., Timothy Cook and Luca Maestri.  Furthermore, that the combined actions of the previously mentioned, are indeed in violation of federal securities laws.  As a result, the filed lawsuit is a class action lawsuit. 
            In regards to the filed class action lawsuit, the plaintiffs are specifically alleging the following four allegations.  The first allegation, is that the U.S.-China trade war has negatively impacted the demand for iPhones.  As a result, Apple’s ability to set prices in the Country of China was negatively impacted.  The second allegation, is that sales performance of the Apple iPhone has been permanently negatively impacted, due to a battery issue.  The battery that is installed in the Apple iPhone intentionally degrades in performance, throughout time.  Consumers of the Apple iPhone, for the most part have the battery replaced.  In other words, instead of buying the newest version of the Apple iPhone, these consumers simply replace the battery.  As a result, the sales growth and performance of the Apple iPhone can never be the same.  To make things worse, Apple, Inc. is accused of releasing batteries at a lower than normal price.  The third allegation, is connected to the second allegation.  As a result, of the stunted sales growth and performance, demand for the Apple iPhone can never be the same.  In a misleading way, Apple, Inc. slashed the production orders from its suppliers for the 2018 Apple iPhone.  Additionally, it also reduced the price, in order, to reduce the inventory.  The previously said, is according to the Thornton Law Firm, LLP.  The fourth and final allegation, is that the decision to withhold the information about the unit sales of the 2018 Apple iPhone and other types of hardware, skewed the metrics.  The metrics are used by investors, in order, to have a view of the overall financial performance of the business.  Additionally, that a willing decision to withhold information, results in, a willing decision to mask declining unit sales of the 2018 Apple iPhone.
            To end, the bi-coastal law firm Thornton Law Firm, LLP is also alleging that misleading is misconduct.  As a result of misconduct, the common traded stock of Apple, Inc. suffered a hit.  The alleged hit is for January 3rd, 2019.  On this day, the price per share of common traded stock closed at $142.19 USD.  The day before, the price per share of common traded stock closed at $157.92 USD.  The alleged misconduct is a loss per share of more than $15 USD, or, more than 9%.  However, on April 29th, 2019 an average price of one share of Apple, Inc. common traded stock was listed at, $204.61 USD.  As previously stated, the bi-coastal law firm Thornton Law Firm, LLP recently announced that, it has filed a lawsuit against Apple, Inc.  The lawsuit is from stockholders and investors who have lost money, through, Apple, Inc. securities.  Lastly and specifically, the U.S.-China trade war is in the center of all of the action. 

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Written from Press Release
Registered Writer at
PR Newswire Association, LLC
R-Berumen28
05/01/2019

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