Apple (AAPL) Receives Class Action Suit Over Limitations Behind iPhone Upgrade Program and New iPhone 7s
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Join SI Premium – FREE
Block & Leviton LLP announced that it has filed a class action lawsuit against Apple Inc. (Nasdaq: AAPL) on behalf of Apple customers who signed up for the Apple iPhone Upgrade Program last year and have now been shut out of receiving the latest iPhones.
On September 7, 2016, Apple announced the availability of new iPhones: the iPhone 7 and iPhone 7 Plus. Customers who had signed up for the Apple iPhone Upgrade Program, which promised an "easy" way to get a new iPhone "every year," tried like many others to purchase their iPhones as soon as they went on sale at midnight Pacific time on September 9, 2016. But, the lawsuit alleges, iPhone Upgrade Program customers, unlike every other customer, were shut out from reserving the most in-demand phone models and colors.
These customers are unable to "get in line" to reserve their favored devices. Instead, they are told to simply "check back." In the meantime, they will continue to be required to make monthly payments on their older iPhones, and their eligibility for future iPhones will be delayed, the lawsuit alleges.
If you belong to the iPhone Upgrade Program and have been affected by these issues, you can contact Block & Leviton to learn more about your legal rights. Contact attorney Jacob Walker at [email protected] or visit www.blockesq.com/iphone.
Block & Leviton is a Boston-based law firm representing investors and consumers nationwide.
The case, filed September 12, 2016, is pending in the United States District Court for the Northern District of California, and is captioned Frank v. Apple Inc., No. 5:16-cv-05217. A copy of the complaint is posted at www.blockesq.com/iphone.
This notice may constitute attorney advertising.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- US DoJ to Decide by as Soon as Late May Whether Boeing Violated Prosecution Deal - Reuters
- Tuta Mail Files Google Complaint Under EU Tech Rules - Reuters
Create E-mail Alert Related Categories
Insiders' Blog, LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!