Another day, another lawsuit. Or two. The first — filed in the U.S. District Court, Northern Division of Illinois, Eastern Division — claims that Apple’s discontinued MagSafe connector is partially to blame for a face-damaging fire.
With the 2016 MacBook Pro line, Apple ditched the MagSafe connector, which disengaged with the slightest amount of pressure. This saved many Mac laptops from a disastrous plummet when someone accidentally snagged the power cable.
Per the lawsuit, plaintiff Penny Manzi was using her MacBook, when a spark from the MagSafe adapter, ignited the oxygen she was using and caused her oxygen mask to ignite.
The result was, allegedly, a flash fire that engulfed her face and skull in flames. Manzi is seeking an excess of $75,000 from Apple for past and present pain and suffering, loss of normal life, and medical expenses resulting from the fire.
As for the second potential lawsuit, the investor rights law firm of Bernstein Liebhard is investigating potential securities fraud claims on behalf of Apple shareholders resulting from allegations that the tech giant and/or its executives may have issued materially misleading business information to the investing public.
On Jan. 2, during aftermarket hours, Apple disclosed that its revenue for the first fiscal quarter of 2019 would be over 7% lower than it previously expected due to “[l]ower than anticipated iPhone revenue, primarily in Greater China, [which] accounts for all of [Apple’s] revenue shortfall to [its] guidance and for much more than [its] entire year-over-year revenue decline.”
However, on November 1, 2018 during Apple’s fourth quarter 2018 conference call, CEO Tim Cook stated that “[o]ur business in China was very strong last quarter. We grew 16%, which we’re very happy with. iPhone in particular was very strong, very strong double-digit growth there.”
On this news, Apple’s stock fell $11.97 per share, or over 7.5%, during aftermarket trading hours on January 2, 2019, damaging investors. The aw firm of Bernstein Liebhard smells a potential lawsuit.
