Apple’s Legal Thriller Gains a New Chapter

The legal shenanigans continue in the much-watched case between Apple (NASDAQ:AAPL) and Samsung Electronics. According to Bloomberg: “Apple said it wasn’t aware during the trial that the foreman of the jury that issued a $1.05 billion verdict against Samsung Electronics Co. was involved in a lawsuit with his former employer, Seagate Technology (NASDAQ:STX).”

Why Does This Matter?

The jury foreman, Velvin Hogan, was sued into bankruptcy by Seagate in 1993. Samsung owns a 9.6-percent stake in Seagate, a top hard-disk manufacturer, and maintains a “substantial strategic relationship” with the company, according to Bloomberg.

Our 20-page proprietary analysis of Apple’s stock is ready. Click here and to get your Cheat Sheet report now!

The relationship between Hogan and Seagate and between Seagate and Samsung has obviously caused some bells to ring. Samsung is arguing that the integrity of the trial was jeopardized by Hogan’s failure to disclose this information, and that Apple may have intentionally withheld its knowledge of the relationship.

According to Samsung, “If Apple knew that Mr. Hogan’s statements were untruthful all along and stood silent in order to gain a tactical advantage from the seating of a biased juror, Apple’s misconduct would itself warrant sanction and relief and certainty must be disclosed…”

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business