Apple shareholder suing Steve Jobs’ estate over recruiting agreement

Last week, U.S. District Judge Lucy Koh rejected the US$324.5 million Apple, Google recruiting lawsuit settlement. This week, Apple shareholder R. Andre Klein sued the Steve Jobs’ estate, along with Tim Cook and others, claiming Apple “misled investors and damaged the value of the company”.

The case was filed by shareholder R Andre Klein on behalf of all Apple shareholders.

In the papers, he criticised Jobs’ “zealous pursuit of profits”.

“Jobs’s conduct is a reminder that even widely respected businessmen can knowingly commit unlawful acts in the zealous pursuit of profits.

“In this case, Jobs and the other individual defendants knowingly caused Apple to enter into agreements that violated California law and US antitrust laws.”