NEW YORK (TheStreet) -- Shares of Apple (AAPL) are lower by 1.28% to $110.96 in early market trading this morning, after a U.S. district judge declined to throw out a class-action suit regarding the pricing of Apple iPods yesterday, the Wall Street Journal reported.
However, the judge ordered plaintiffs' lawyers to identify class representatives who bought one of the 2007 to 2009 iPod models which are at issue in this case, the Journal added.
Plaintiffs are saying that the company violated antitrust laws by making it difficult to play certain music on iPods from its rivals. The trial is in its second week following a 10-year legal battle over iPod pricing, the Journal noted.
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Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."