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- Apple has agreed to pay $490 million to settle a 2019 class-action lawsuit from shareholders.
- The lawsuit alleged CEO Tim Cook made false comments about China sales in a 2018 earnings call.
- Apple denied wrongdoing, saying it agreed to the settlement to prevent further litigation.
Comments Apple's CEO Tim Cook made years ago have just cost the company a boatload of money.
The tech giant agreed to pay out $490 million to settle a class-action lawsuit shareholders lodged against the company in 2019, according to a proposed settlement filed in California court on Friday.