March 15, 2024. Parties in the Apple securities matter (Northern District of California) agreed to settle for $490 million. Plaintiff alleged that Apple had made materially false and misleading statements about demand for the company’s iPhone XS, XS Max, and XR, and the strength of its business conditions in China. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and reports on market efficiency and loss causation and damages, and consulted on the plan of allocation.

 

Read more on the case at Reuters.