Apple Sued by Shareholders Over Anti-Poaching Agreements with Other Companies
Apple shareholder R. Andre Klein is suing Apple on behalf of all of its shareholders over the company's anti-poaching agreements, reports Patently Apple.
The lawsuit claims that Apple's no-hire agreements with other companies including Google, Adobe, and Intel caused the company to grossly mismanage its assets, mislead its investors, breach the duty of "honest services", and hurt its overall value. The suit seeks damages for all shareholders through a jury trial, and names a number of Apple executives as individual defendants including current CEO Tim Cook and even former CEO Steve Jobs.
The suit follows a rejection of a $324 million settlement proposal between the four tech companies and tech workers by a California court. In the filing's court documents, Judge Lucy Koh stated that the total settlement "falls below the range of reasonableness" when compared a $20 million settlement given last year by Pixar, Lucasfilm, and Intuit. Comparatively speaking, Apple and others should pay a minimum of $380 million.
Employees of the various tech companies originally brought forth a lawsuit against the companies no-hire agreements in 2011, with a trial revealing anti-poaching tactics dating back to 2005. The United States Department of Justice intervened in the case in 2010, forcing the companies to stop engaging in anti-poaching agreements. However, the class-action civil lawsuit brought against the aforementioned companies by over 64,000 employees will remain open until a settlement has been reached.
Popular Stories
While the iOS 26.3 Release Candidate is now available ahead of a public release, the first iOS 26.4 beta is likely still at least a week away. Following beta testing, iOS 26.4 will likely be released to the general public in March or April.
Below, we have recapped known or rumored iOS 26.3 and iOS 26.4 features so far.
iOS 26.3
iPhone to Android Transfer Tool
iOS 26.3 makes it easier...
Apple recently acquired Israeli startup Q.ai for close to $2 billion, according to Financial Times sources. That would make this Apple's second-biggest acquisition ever, after it paid $3 billion for the popular headphone maker Beats in 2014.
This is also the largest known Apple acquisition since the company purchased Intel's smartphone modem business and patents for $1 billion in 2019....
Apple turns 50 this year, and its CEO Tim Cook has promised to celebrate the milestone. The big day falls on April 1, 2026.
"I've been unusually reflective lately about Apple because we have been working on what do we do to mark this moment," Cook told employees today, according to Bloomberg's Mark Gurman. "When you really stop and pause and think about the last 50 years, it makes your heart ...
Apple on Tuesday previewed 12 new shows and films that will be premiering on the Apple TV streaming service throughout 2026.
The new series:
Imperfect Women — March 18, 2026
Margo's Got Money Troubles — April 15, 2026
Widow's Bay — April 29, 2026
Maximum Pleasure Guaranteed — May 20, 2026
Cape Fear — June 5, 2026
Lucky — July 15, 2026
The new films:
Eternity — ...
Apple today began selling certified refurbished iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max models on its online store in the U.S., with prices discounted by 12% to 22% compared to Apple's current or former pricing for the devices.
Here were Apple's starting prices when the devices launched in September 2024:
iPhone 16: $799
iPhone 16 Plus: $899
iPhone 16 Pro:...
