Apple Lawsuits: It appears that Apple Inc. (NASDAQ:AAPL) has lost some level of trust in the courtroom. According to a recent report by CNET, U.S. Magistrate Judge Paul S. Grewal has ordered the Cupertino-based company to provide the court information on how it is producing documents “in a suit related to the gathering of location-tracking data in iOS.”
Apple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).
As you can imagine, this is making things quite messy for Apple Inc. (NASDAQ:AAPL) and its attorneys.
Here is what Judge Grewal had to say:
“In light of Apple’s performance in this case, the court cannot rely on its representations that this time it really has or will produce all responsive documents. Apple now must show the court that it has complied with its discovery obligations.”
As you can see, Grewal just stops short of accusing the company of lying.
The court has given Apple until 5 pm today to provide an account of the steps it is taking to gather and examine the documents.
Earlier this week, S. Ashlie Beringer, one of Apple’s lawyers, added the following pertaining to the case:
“While Apple and its counsel do not believe that any of the documents produced this week impact the outcome of the pending class certification and summary judgment motions, they recognize that they should have discovered and produced these documents sooner, and have advised plaintiffs that they do not oppose the filing of any supplemental briefing that plaintiffs believe is necessary to address the recent production.”
It is interesting to see the stance that Beringer has taken. The statement more or less says that Apple Inc. (NASDAQ:AAPL) realizes that it made a mistake and will do its part in better cooperating in the future.
What are your thoughts on this? Is Apple doing anything wrong? Are they trying to hide something? Share your opinion in the comment section below.
Check back here for more updates on Apple Lawsuits.
DISCLOSURE: I have no positions in any stock mentioned.
For more news stories, visit these three pages: