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September 7, 1991 | From Times Staff and Wire Reports
Apple Verdict Overturned: Apple Computer said a federal judge has overturned a jury verdict in a shareholder lawsuit against the company and two of its former executives, A. C. (Mike) Markkula and John Vennard. In a decision that surprised legal observers, a jury in May found that the two executives had misled shareholders about the prospects for a disk drive that Apple introduced in 1983. Damages in the case could have reached $40 million. But U.S.
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BUSINESS
September 7, 1991 | From Times Staff and Wire Reports
Apple Verdict Overturned: Apple Computer said a federal judge has overturned a jury verdict in a shareholder lawsuit against the company and two of its former executives, A. C. (Mike) Markkula and John Vennard. In a decision that surprised legal observers, a jury in May found that the two executives had misled shareholders about the prospects for a disk drive that Apple introduced in 1983. Damages in the case could have reached $40 million. But U.S.
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BUSINESS
June 1, 1991 | From Times Wire Services
Apple Computer Inc. said Friday that it will appeal a jury's decision to award what could be millions of dollars in damages to shareholders who had contended that Vice Chairman A. C. (Mike) Markkula Jr. and former Vice President John Vennard misled them about prospects for a disk drive the company was developing in the early 1980s. The Twiggy drive turned out to be a disastrous flop. The company pulled it off the market a few months after it was introduced in 1983.
BUSINESS
June 1, 1991 | From Times Wire Services
Apple Computer Inc. said Friday that it will appeal a jury's decision to award what could be millions of dollars in damages to shareholders who had contended that Vice Chairman A. C. (Mike) Markkula Jr. and former Vice President John Vennard misled them about prospects for a disk drive the company was developing in the early 1980s. The Twiggy drive turned out to be a disastrous flop. The company pulled it off the market a few months after it was introduced in 1983.
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