Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Privacy Lawsuit: Apple in Trouble for Information Sharing Practices

Apple Privacy Lawsuit: In the tech industry, the word of the day is “privacy.” If companies aren’t doing what they should, it could land them in hot water sooner rather than later. This time around, it appears that Apple Inc. (NASDAQ:AAPL) is dealing with trouble related to its information sharing practices.

Apple Inc. (AAPL) to be Added to Several WisdomTree ETFsApple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple Inc. (NASDAQ:AAPL) in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

Bloomberg is reporting the following:

“Apple Inc. may face court-ordered penalties over its information-sharing practices in a privacy lawsuit after the iPhone maker was previously scolded for “unacceptable” conduct.”

U.S. Magistrate Judge Paul S. Grewal is overseeing the case, and it does not appear that he is pleased with the way things are going. During a hearing yesterday in a San Jose courtroom, he “invited plaintiffs’ lawyers in the case to pursue sanctions against Apple after saying that the company’s document production “has more than doubled since the court got involved” in policing information-sharing obligations.”

More specifically Grewal is upset about Apple Inc. (NASDAQ:AAPL) documents and emails from employees that the Cupertino-based company produced only after the court ordered a review of its “document-production process.”

At this point, you are probably realizing that Grewal is not happy in the slightest with the way the company has been acting in regards to its information sharing practices. If this is not evident just yet, take a closer look at this:

“Grewal told Apple lawyer Ashlie Beringer that it “doesn’t sound like you did a lick of work” to double-check whether workers properly determined which documents shouldn’t be turned over.”

Beringer responded by saying the documents “absolutely should’ve been collected and they were not” and “absolutely that was a failure of management on my part, one that won’t happen again.”

Apple Inc. (NASDAQ:AAPL) has dug itself into quite a hole with U.S. Magistrate Judge Paul S. Grewal. Check back often for updates related to this case.

Check back here for more updates on Apple Privacy Lawsuit.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit the following pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.