A number of Apple shareholders are suing CEO Tim Cook, along with a number of other executives, over their role in ebook price fixing. The group says that the scandal damaged the company. The group is seeking for Cook and other to pay damages to shareholders.
From Gigaom:
In the case of Apple, the shareholders claim that Cook and others, including directors Al Gore and Bill Campbell, breached their fiduciary duty to the company and engaged in "waste of corporate assets." They want the court to order Apple's board to implement better governance measures, and for Cook and the other defendants to pay restitution to shareholders and to pay the shareholders' legal bills.
Do you think that the shareholders' have merit to their case? Sound off below in the comments.
Source: Gigaom
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