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On February 8th, a federal judge in the United States dismissed a lawsuit on Wednesday accusing Apple of miscalculating the value of performance-based stock rewards and overpaying CEO Cook and other executives by tens of millions of dollars. The judge stated that Apple described its compensation method in its detailed salary schedule, which "fully" meets the requirements of securities law and the United States Securities and Exchange Commission (SEC) regulations. The judge also stated that there was no evidence to suggest that the Apple board of directors engaged in improper behavior in paying salaries, and stated that the plaintiff did not give the board enough time to consider their objections before filing the lawsuit. It is reported that the plaintiff is a pension fund affiliated with the International Truck Driver Brotherhood, and the lawyer for the pension fund did not immediately respond to the request for comment. (Reuters)
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