Marketing, E-commerce and Digital Design, Product Management, Brand Development, Design, Advertising and Consultancy

Apple shareholders sue Steve Job's estate after alleged Californian employment law breach

on Aug 14, 2014 | 0 comments

By John McCarthy

An Apple shareholder is suing company founder Steve Job’s estate on the claims that he entered into illegal employment agreements with Google, Intel and Adobe.

The class action lawsuit was filed by shareholder R. Andre Klein on behalf of all Apple shareholders.

Klein claims Jobs was in breach of the US Securities and Exchange Act by agreeing with the Californian firms not to delve into each corporations’ employment pool.

Job’s successor at Apple, chief executive Tim Cook, has been named as one of the defendants in court.

Klein said that Job’s “zealous pursuit of profits” saw his controversial agreement artificially devalue the company and Read full story ›

Source: The Drum