A Southern District of New York shareholder case alleging Apple overpaid executives by underestimating the value of their equity compensation has been dismissed with prejudice, marking a win for Latham & Watkins.

U.S. District Judge Jennifer L. Rochon granted Apple’s motion to dismiss clams filed by an International Brotherhood of Teamsters pension fund, represented by Barrack, Rodos & Bacine, on Feb. 7.