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Rochon also found no proof that Apple s board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, did not give the board enough time to consider its objections before suing.
Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
A federal judge dismissed a lawsuit alleging Apple overpaid CEO Tim Cook and top executives by miscalculating the value of performance-based stock awards.
U.S. District Judge Jennifer Rochon in Manhattan dismissed the lawsuit, stating that Apple had accurately disclosed its pay methods in its 2023 proxy statement.