Apple Sued for Securities Fraud Over Misleading Financial Statements

Bleichmar Fonti & Auld LLP has filed a lawsuit against Apple Inc. and certain senior executives for potential violations of federal securities laws. The lawsuit alleges that Apple misled investors about its business practices and financial performance. Investors who purchased Apple securities between April 29, 2021 and April 28, 2022 are encouraged to seek additional information and may be eligible for damages.

New York, July 02, 2025 — Leading securities law firm Bleichmar Fonti & Auld LLP has filed a lawsuit against Apple Inc. (NASDAQ: AAPL) and certain senior executives for potential violations of federal securities laws. The lawsuit alleges that Apple misled investors about its business practices and financial performance, specifically concerning the integration of advanced AI-based features in its Siri digital personal assistant.

The complaint, filed in the U.S. District Court for the Northern District of California, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. It alleges that Apple misrepresented the time it would take to integrate advanced AI-based features into its devices and overstated the company's business and financial prospects. The lawsuit seeks damages for investors who purchased Apple securities between April 29, 2021, and April 28, 2022 [1].

Investors are encouraged to seek additional information and may be eligible for damages. Bleichmar Fonti & Auld LLP is offering representation on a contingency fee basis, meaning investors will not pay any out-of-pocket fees or costs. The firm has a proven track record in securities class actions, recovering over $900 million from Tesla, Inc., and $420 million from Teva Pharmaceutical Ind. Ltd. [1].

The lawsuit comes on the heels of several developments that have impacted Apple's stock price. On March 7, 2025, Apple announced it was indefinitely delaying several AI-based Siri features, citing development delays. This announcement led to a significant decline in Apple's stock price, dropping $11.59 per share, or nearly 5%, over two trading days [1]. Subsequently, Apple's Worldwide Developer Conference in June 2025 was described as "underwhelming" and "disappointing" by analysts, further impacting the stock price [1].

Investors who believe they may be eligible to participate in this lawsuit are encouraged to submit their information to Bleichmar Fonti & Auld LLP by visiting https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit or contacting Ross Shikowitz at ross@bfalaw.com or 212-789-3619 [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/08/3111772/0/en/AAPL-NOTICE-Apple-Inc-Shareholders-are-Notified-of-the-Pending-Class-Action-Lawsuit-Contact-BFA-Law-by-August-19-Court-Deadline-NASDAQ-AAPL.html