US EditionApple Seeks Dismissal of Fraud Lawsuit over Siri AI, Epic Injunction
Apple denies securities fraud over Siri AI delays and Epic Games injunction risks amid shareholder losses reportedly reaching hundreds of billions, led by South Korea's National Pension Service.
- Apple urged a federal judge to dismiss a shareholder lawsuit linked to Siri and the Epic injunction, covering losses between May 3, 2024 and May 1, 2025.
- Plaintiffs say shareholder plaintiffs claim Apple misled investors about Apple Intelligence and Siri's readiness and misrepresented compliance with the 2021 Epic Games injunction, linking stock decline to Judge Yvonne Gonzalez Rogers' ruling.
- Product timelines and commission rules reveal Apple delayed Siri upgrades and the judge rebuked Apple for charging a 27 per cent commission on some external sales.
- Apple's legal team argued there was no proof it knew in June 2024 that AI timelines would slip and called fraud claims a `massive and unsupported leap`, citing stock volatility in 2025 and a federal appeals court partial reversal in December.
- The plaintiffs are led by South Korea's National Pension Service, which holds nearly $1 trillion in assets, and shareholder lawyers did not respond to requests for comment amid alleged losses .
13 Articles
13 Articles
Apple Asks Judge to Toss Fraud Claims Over Siri AI, Epic Compliance
Apple has asked a federal judge to dismiss a proposed class action lawsuit accusing the company of defrauding shareholders by overstating Siri's Apple Intelligence capabilities and misrepresenting its compliance with the Epic Games App Store injunction. At WWDC in June 2024, Apple previewed two of Siri's most anticipated Apple Intelligence upgrades – personal context and onscreen awareness.
Apple seeks dismissal of fraud lawsuit over Siri AI, Epic injunction
Apple urged a federal judge to dismiss a proposed class action claiming it defrauded shareholders twice, by overstating the artificial intelligence capabilities of its Siri voice assistant and falsely representing its compliance with an injunction governing commissions on app sales.
Apple's securities fraud defense: We didn't know
"It is no secret that Apple faced challenges and weathered ups and downs in its stock price in 2025, like many major companies. But plaintiff takes a massive and unsupported leap by claiming that securities fraud caused the temporary price drops." — Apple court filing
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