Apple hit with $490 million lawsuit settlement alleging Tim Cook defrauded shareholders
Like plenty of tech giants, Apple is no stranger to legal battles. In the latest development, Apple has agreed to shell out a hefty $490 million (£385 million) to settle a lawsuit that accused Tim Cook of pulling a fast one on investors. The claim? That Cook was a bit too optimistic about iPhone demand in China -- and hence defrauded shareholders by misleading them.This lawsuit was brought to the stage by Norfolk County Council from the UK, representing a pension fund that apparently took a hit thanks to Cook's alleged…