The 2019 Apple Securities $490 million settlement per person payout and date is not confirmed yet but it’s expected to be issued in mid 2025. The per-person payout will be based on many factors, maybe on pro-rata or the amount of Apple stock or options each claimant purchased or sold during the class period. This payout will only be provided to qualifying class members who have submitted valid proof of claim forms by 4 October 2024.
2019 Apple Securities $490 Million Settlement
The 2019 Apple Securities $490 million settlement is about the deceptive demand of iPhones in China with investors. This lawsuit was raised due to the false and misleading statements of Apple’s CEO, Tim Cook, in November 2018. Apple’s stock supposedly traded at higher prices as a result of these remarks, but it later fell when the real situation was exposed. The lawsuit, officially known as In re Apple Inc.
Securities Litigation was filed in the United States District Court for the Northern District of California and the settlement payout is around $490 million which will be distributed among eligible claimants. The eligible claimants include those who have purchased Apple common stock or call options, or sold put options, between the class period from November 2, 2018, and January 2, 2019.
If you have submitted proof of purchase by the deadline of 4 October 2024, then you will qualify for a payout. The 2019 Apple Securities $490 million settlement underscores the importance of accurate communication with the public from traded companies and it’s one of the largest settlements of recent years. If you want to get more details about the payout distribution timeline and eligibility then stay connected.
2019 Apple Securities $490 Million Settlement Per Person Payout
The per person payout amount for the 2019 Apple Securities $490 Million Settlement has not been disclosed yet by officials and it will be very dependent on many factors such as a number of claimants after the deductions of legal fees, the amount of Apple stock or options each claimant purchased or sold during the class period, and the specific losses incurred.
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Maybe, the 2019 Apple Securities $490 Million Settlement will be paid on pro-rata basis, so keep in touch with the official website because this settlement is finally approved now. The settlement administrator will calculate the per-person payout after the deductions of attorney, other legal fees, and verification of filed claim forms.
2019 Apple Securities $490 Million Settlement Payout Date
The 2019 Apple Securities $490 Million Settlement was finally approved on 17 September 2024 and the payout of this settlement has not started yet. The exact payout date is not confirmed yet but the payout can be expected in 2025. Because you all know that the payout of any settlement is distributed after all the legal proceedings such as the resolution of the appeal phase, verification of claims forms details and documents, etc.
If the appeal phase runs longer then the payout can be late otherwise you will receive your portion of $490 million soon. If anyone received their portion of the 2019 Apple Securities $490 million Settlement then inform us in the comment section so that other people will be alerted to get their payouts. The settlement administrator will also inform you through notice about your payout date and amount.
Who will receive a portion of the 2019 Apple Securities $490 Million Settlement?
It’s not true that you will get your portion of 2019 Apple Securities $490 Million Settlement If you only have filed a claim form. The other eligibility criteria of this settlement is very critical to keep in mind because the payout eligibility criteria is based on many points.
- The individuals and entities who purchased or otherwise acquired Apple common stock or call options, or sold Apple put options, during the class period are qualified for settlement payout.
- The qualifying settlement period for this settlement was between November 2, 2018, to January 2, 2019.
- Those who have submitted proof of purchase that verifies the purchase or sale of Apple securities during the class period.
- Those who have not excluded themselves from the settlement class by the deadline of 18 August 2024.
2019 Apple Securities $490 Million Settlement Payout Legal Proceedings & Timeline
The 2019 Apple Securities $490 million settlement payout legal proceedings and timeline after the final approval hearing on 17 September 2024 based on many factors such as:
Appeal Phase
The appeal phase of any settlement starts after the final approval hearing and this settlement follows the same process. The appeal phase sometimes takes longer to resolve but sometimes it takes a short time. If the 2019 Apple Securities $490 million settlement appeal phase will take more time to resolve then the time will be dependent on its resolution.
Verification Phase
The verification phase of the 2019 Apple Securities $490 million settlement includes legal proceedings of verification to confirm that there will be no fraudulent claims and only valid class members will receive their payment. So, the verification of claims forms will take some time and it can delay your payouts.
Additional Requirement Phase
If you have not submitted all required information and documents then the settlement administrator will ask for additional information and you must meet these requirements. If you do not submit this information on time then it delays your payout.
Calculation and Distribution Phase
After the verification phase and appeal phase, there will be the calculation of Settlement funds and it can be different. So the calculation and distribution phase will also take time. You have to be patience if you are an eligible class member otherwise contact the settlement administrator to ask for your claim form and payout status.
