NEW YORK, Jan. 30, 2018 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Apple Inc. (“Apple” or the “Company”) (NASDAQ: AAPL). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Apple and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
In early 2017, Apple released a software update that slowed the performance of older model iPhones, without disclosing the impact of the update to consumers. When the foregoing conduct came to light, Apple was sued by consumer advocacy groups and individual iPhone users. On January 30, 2018, media outlets reported that the U.S. Department of Justice and Securities Exchange Commission are investigating whether Apple’s disclosures with respect to the software update at issue violated securities laws. On this news, Apple’s share price has fallen sharply during intraday trading on January 30, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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