Apple CEO Tim Cook walks at the Apple Fifth Avenue store as customers queue to buy Apple's Vision Pro headset, in Manhattan in New York City, U.S., February 2, 2024. REUTERS/Brendan McDermid/File Photo
NEW YORK (Reuters) - A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars by miscalculating the value of performance-based stock awards.
U.S. District Judge Jennifer Rochon in Manhattan said the iPhone maker described its pay methods in detailed compensation tables in its 2023 proxy statement, "precisely" as securities laws and U.S. Securities and Exchange Commission rules require.
