Apple Investors Win Class Status for Some in iPhone Demand Suit

Some Apple Inc. investors may move forward with their allegations that it misled them about declining Chinese demand for iPhones as a group, but their new class must leave out option holders, a federal judge in California said.

Investors sought to certify a class consisting of everyone who acquired the technology company’s publicly traded securities from Nov. 2, 2018, through and including Jan. 2, 2019. Their certification motion is granted “except as to the inclusion of option holders in the class,” the U.S. District Court for the Northern District of California said.

Judge Yvonne Gonzalez Rogers in 2020 granted …