Apple sued for potential securities fraud by Bleichmar Fonti & Auld LLP.

A lawsuit has been filed against Apple Inc. and senior executives for potential violations of federal securities laws. Investors who purchased Apple securities can visit https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit to obtain additional information. The case is pending in the U.S. District Court for the Northern District of California. Investors have until August 19, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

A class action lawsuit has been filed against Apple Inc. (NASDAQ: AAPL) and certain officers, alleging violations of federal securities laws. The lawsuit, filed in the U.S. District Court for the Northern District of California, docketed under 25-cv-05197, is on behalf of all persons and entities who purchased or acquired Apple securities between June 10, 2024, and June 9, 2025 [1].

The complaint alleges that Apple made materially false and misleading statements regarding the company's business, operations, and prospects. Specifically, it is claimed that Apple misstated the time it would take to integrate advanced AI-based Siri features into its devices and that it was highly unlikely these features would be available for the iPhone 16. The complaint further alleges that Apple overstated its business and financial prospects as a result of these delays [1].

The lawsuit comes amid a series of setbacks for Apple's AI initiatives. In March 2025, Apple announced an indefinite delay in the promised updates to its Siri digital assistant. This announcement followed a series of critical media reports and analyst downgrades, including a report from Morgan Stanley that attributed a significant portion of the delay in iPhone 16 upgrades to the AI feature delays [1].

Apple's stock price has been impacted by these developments. On March 10, 2025, Apple's stock price fell by 4.85% following the delay announcement. Subsequent reports and analyst downgrades continued to pressure the stock, with the price falling by a further 5.05% on March 13, 2025, and 7.28% on April 4, 2025 [1].

Investors who purchased Apple securities during the class period have until August 19, 2025, to ask the court to appoint them as Lead Plaintiff for the class. More information can be obtained at https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit [2].

References:
[1] https://www.marketscreener.com/news/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-apple-inc-a-and-certain-officers-ce7c5fdddc8bf22d
[2] https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit