“An Apple shareholder is suing company founder Steve Job’s estate on the claims that he entered into illegal employment agreements with Google, Intel and Adobe,” John McCarthy reports for The Drum. “The class action lawsuit was filed by shareholder R. Andre Klein on behalf of all Apple shareholders”

“Klein claims Jobs was in breach of the US Securities and Exchange Act by agreeing with the Californian firms not to delve into each corporations’ employment pool,” McCarthy reports. “Klein said that Job’s ‘zealous pursuit of profits’ saw his controversial agreement artificially devalue the company and mislead investors.”

“US district judge Lucy Koh, who will be over-seeing the case, said there was ‘ample evidence of an overarching conspiracy’ among the corporations,” McCarthy reports. “Klein financial demands have remained unspecified, however he yesterday rejected a £195m settlement from the iPhone manufacturer.”

Read more in the full article here.

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