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

Bleichmar Fonti & Auld LLP has filed a lawsuit against Apple Inc. and its senior executives for potential violations of federal securities laws. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Apple securities. Investors have until August 19, 2025, to ask the Court to be appointed to lead the case.

NEW YORK, July 02, 2025 — Bleichmar Fonti & Auld LLP, a leading international law firm, has filed a lawsuit against Apple Inc. (NASDAQ: AAPL) and certain of its senior executives. The complaint alleges potential violations of the federal securities laws under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The suit is on behalf of investors who purchased Apple securities and is pending in the U.S. District Court for the Northern District of California, captioned Tucker v. Apple Inc., et al., No. 5:25-cv-05197 [1].

The lawsuit centers on Apple's misrepresentation of Siri's advanced AI-based features and their integration into the iPhone 16 product cycle. According to the complaint, Apple lacked a functional prototype of these features and misrepresented the time it would take to integrate them into its devices [1].

The stock market reacted to this revelation. On March 7, 2025, Apple announced an indefinite delay in several AI-based Siri features, citing development delays. The stock price declined by $11.59 per share, or nearly 5%, from $239.07 to $227.48 [1]. Subsequently, at Apple's Worldwide Developer Conference on June 9, 2025, the company failed to announce any new updates regarding advanced Siri features, leading to further stock declines. The price fell by $2.47 per share, or over 1%, from $203.92 to $201.45 [1].

Investors affected by these developments are encouraged to submit their information to Bleichmar Fonti & Auld LLP. The firm offers representation on a contingency fee basis, with no upfront costs or responsibilities for court costs or expenses [1].

For more information, visit the official website of Bleichmar Fonti & Auld LLP at https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/01/3125788/0/en/AAPL-INVESTOR-REMINDER-Apple-Inc-Stock-Drop-Leads-to-Class-Action-Investors-with-Losses-Urged-to-Contact-BFA-Law-by-August-19-NASDAQ-AAPL.html