Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Apple Inc.
  6. News
  7. Summary
    AAPL   US0378331005


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Apple Subpoenas Prompt Internal Review, Calls for William Barr, Jeff Sessions to Testify--3rd Update

06/11/2021 | 02:29pm EDT

By Sadie Gurman and Siobhan Hughes

WASHINGTON -- The Justice Department's internal watchdog and Senate Democrats both vowed to investigate the Trump administration's secret seizure of communication records of people associated with the House Intelligence Committee.

Inspector General Michael Horowitz announced a probe Friday, as Senate Majority Leader Chuck Schumer (D., N.Y.) and Senate Judiciary Committee Chairman Dick Durbin (D., Ill.) called for former attorneys general Jeff Sessions and William Barr to testify before Congress about the revelations.

In May, tech giant Apple Inc. notified individuals associated with the committee that the Justice Department had issued grand-jury subpoenas for their information in February 2018, according to a House committee official. The committee immediately contacted the Justice Department for clarification and additional information, the official said, adding that the department informed the committee last month that the matter had been closed.

At the time of the subpoenas, then-President Donald Trump and officials in his administration, including Mr. Sessions, were trying to locate the source of leaks about contacts between Russia and figures in Mr. Trump's 2016 election campaign.

Mr. Barr, Mr. Trump's second attorney general, inherited about a half-dozen leak investigations when he took office in 2019. He directed a federal prosecutor from New Jersey to work on the cases, which had languished under his predecessor, and then brief top officials, a person familiar with the matter said.

On Friday, Mr. Barr sought to distance himself from the developments, saying he had not been aware of leak cases in which there were subpoenas related to lawmakers' communications.

"I didn't recall that case," Mr. Barr told The Wall Street Journal. "Whatever steps were taken, were taken before I arrived."

The Justice Department occasionally investigates and charges members of Congress in corruption investigations, but legal experts on national security issues said there is no precedent for investigating members for leaking national security information. Most rules governing the handling of classified information are established under a president's executive authority, and aren't laws. Little precedent exists for whether members of Congress -- as officers of a coequal branch of government -- must comply.

"To my knowledge, no member of Congress has ever been prosecuted for unauthorized disclosures of classified information," said Bradley Moss, a national security attorney in Washington.

"Any indictment would be fraught with constitutional implications," Mr. Moss said. "There'd be fights over separation of powers. There'd be fights over abuse of authority."

Members of Congress also have immunity from prosecution based on actions taken in their official capacity in Congress, under the U.S. Constitution. In 1971, then-Sen. Mike Gravel entered the highly-classified Pentagon Papers into the congressional record -- an action that sparked a federal grand jury investigation, but no charges were brought against the senator.

Reports of the subpoenas follow earlier revelations that the Justice Department under Mr. Barr subpoenaed the records of reporters at several news organizations including the Washington Post, the New York Times and CNN.

The Justice Department said it would no longer seek records of reporters' contacts when investigating government leaks of sensitive information.

Mr. Horowitz, the department's inspector general, said his office would also examine those cases. His announcement came after Attorney General Merrick Garland and his deputy Lisa Monaco requested the watchdog examine the department's handling of leak cases.

Mr. Horowitz said he would examine whether the subpoenas or investigations were "based on improper considerations."

"The reported conduct of the Department under Attorney General Barr is shocking, and clearly fits within an appalling trend that represents the opposite of how authority should be used," said White House spokesman Andrew Bates.

Senators Schumer and Durbin said in a statement that other officials who were involved must also testify before the Senate Judiciary Committee under oath. "We expect that our Republican colleagues will join us in getting to the bottom of this serious matter," they said.

At least one Senate Republican would need to join Democrats in voting to issue a subpoena because Democrats don't have the power to unilaterally issue subpoenas. The chamber is evenly divided at 50-50. "I am somewhat doubtful that we would get a Republican, but it's a possibility -- I wouldn't rule it out," said Sen. Richard Blumenthal (D., Conn.), a member of the Senate Judiciary Committee.

"The Justice Department must provide information and answers to the Judiciary Committee, which will vigorously investigate this abuse of power," the statement said.

The Judiciary Committee includes Sen. Ben Sasse (R., Neb.), who earlier this year voted to convict Mr. Trump of inciting an insurrection on Jan. 6 and voted to create a commission to investigate that day's attack on the Capitol, which blocked due to opposition by other Senate Republicans.

The subpoenas applied only to metadata, which includes records of phone calls but not their content, a person familiar with the matter said. Obtaining the contents of communications generally requires a search warrant.

Apple has made privacy protections for users a cornerstone of its business. The Justice Department sought to force Apple to create software that would allow investigators to unlock the iPhone of the perpetrator in a 2015 San Bernardino, Calif., terrorist attack. The company refused, and ultimately the two sides avoided a courtroom showdown when the Federal Bureau of Investigation used an outside party to gain access to the device.

Even as it refused to unlock phones, Apple regularly complies with court orders for information in the U.S. and abroad. In the first six months of 2020, the latest year in which data was available, Apple complied with thousands of requests for account and device access, according to figures the company discloses on its website. Apple didn't respond to a request for comment.

House Speaker Nancy Pelosi and House Intelligence Committee Chairman Adam Schiff have called for an investigation into the Justice Department's pursuit of the communications data, first reported by the New York Times. It reported that the records of at least a dozen people connected to the panel in 2017 and early 2018, including those of Mr. Schiff, were seized in the probe.

The House Intelligence Committee has continued to seek additional information from the Justice Department, the official said, adding that "DOJ has not been forthcoming in a timely manner, including on questions such as whether the investigation was properly predicated and whether it only targeted Democrats."

Byron Tau, Tim Higgins, Aruna Viswanatha and Ken Thomas contributed to this article.

Write to Sadie Gurman at sadie.gurman@wsj.com and Siobhan Hughes at siobhan.hughes@wsj.com

(END) Dow Jones Newswires

06-11-21 1629ET

All news about APPLE INC.
12:22aEMEA MORNING BRIEFING : Stocks to Open Lower After -2-
07/28SAMSUNG ELECTRONICS : Elec sees strong chip demand, mobile recovery as Q2 profit..
07/28APPLE : Google hit with ú920m UK lawsuit over ‘unlawful' app store charges
07/28Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
07/28APPLE : Stellar Q3 Raises Q4 Bar Despite Expected $4 Billion Hit From Supply Sho..
07/28Big Tech starts requiring vaccines; Twitter closes re-opened U.S. offices
07/28CLOSE UPDATE : US Stocks Mixed as Fed Keeps Rate Near Zero
07/28Tech Ticks Down After Mixed Earnings -- Tech Roundup
07/28S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hike..
07/28APPLE : Educators in Australia embrace Swift to forge a new future
More news
Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 884 M - -
Net cash 2021 75 818 M - -
P/E ratio 2021 26,0x
Yield 2021 0,59%
Capitalization 2 400 B 2 400 B -
EV / Sales 2021 6,35x
EV / Sales 2022 6,17x
Nbr of Employees 147 000
Free-Float 99,9%
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 144,98 $
Average target price 162,13 $
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.9.26%2 400 425
DORO AB (PUBL)28.48%167