- The U.S. Justice Department (DOJ), under former President Donald Trump, had subpoenaed Apple Inc (NASDAQ:AAPL) for data from the accounts of at least two Democrats on the House of Representatives Intelligence Committee to investigate classified information leaks, Reuters reported based on the New York Times.
- The records of multiple people tied to the committee were seized in 2017 and early 2018, including Representative Adam Schiff.
- Prosecutors under Jeff Sessions were looking for the sources behind media reports regarding Trump associate’s Russian contacts.
- Apple had turned over only metadata and account information. The DOJ also seized Apple data from the accounts of committee aides and family members.
- William Barr, attorney general in Trump’s latter years in office, reportedly revived the investigation.
- The DOJ intimated the committee last month regarding the investigation’s closure, Schiff stated.
- Schiff and Democrat House Speaker Nancy Pelosi supported the investigation.
- The DOJ’s gag order on Apple prevented the lawmakers from knowing that they were being investigated until Apple informed them last month.
- Price action: AAPL shares traded higher by 0.33% at $126.53 in the premarket session on the last check Friday.
20 Stocks Moving in Thursday’s Pre-Market Session
Gainers
IronNet Cybersecurity, Inc. (NASDAQ: IRNT) rose 59.7% to $51.30 in pre-market trading. IronNet Cybersecurity emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of Wednesday night.
