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Settlement Proposed in Apple Inc Securities Litigation


This is a settlement for the Securities/Stock Fraud lawsuit.

San Jose, CA: The following notice is being issued pursuant to an order by the United States District Court for the Northern District of California, San Jose Division.

Proceeding: In re Apple Inc. Securities Litigation, Case No. C-06-5208-JF (N.D. Cal.).

This concerns all people or entities that purchased Apple Inc ("Apple") common stock during the period between August 24, 2001 and June 29, 2006, both dates inclusive (the "Class"). Please be notified that pursuant to Rule 23 of the Federal Rules of Civil Procedure and a Court Order, that the above-captioned action has been certified as a class action for purposes of a proposed settlement for $16.5 million in cash, plus interest.

In addition, Apple has agreed to implement certain corporate governance measures. Apple also has agreed to pay the reasonable costs of administering and distributing the settlement fund and the reasonable attorneys' fees and expenses as may be awarded by the Court to compensate plaintiffs' counsel.

A hearing will be held before the Honorable Jeremy Fogel on February 18, 2011, to determine whether the proposed settlement is fair, reasonable, and adequate, to consider the proposed plan of allocation, and to consider the application for attorneys' fees and expenses.

To participate in the settlement, you must submit your completed and signed Proof of Claim either online at AppleSecuritiesSettlement.com by no later than March 15, 2011, or send it by first-class mail postage prepaid postmarked no later than March 15, 2011, in the manner and form explained in the Notice. Unless you submit a valid Proof of Claim, you cannot participate in the settlement. If you desire to be excluded from the Class, you must submit a request for exclusion by first-class mail postage prepaid postmarked no later than January 21, 2011, in the manner and form explained in the Notice. Unless you validly exclude yourself from the Class, you will be bound by any judgment entered in this action whether or not you submit a Proof of Claim.

If you want to object to the proposed settlement, the plan of allocation, or the application for attorneys' fees and expenses, you must file your objection with the Court no later than January 21, 2011, and send a copy of it on the same day to the parties' counsel by first-class mail postage prepaid, in the manner and form set forth in the Notice.

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Published on Dec-9-10


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