Apple sued for 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.

A leading securities law firm, Bleichmar Fonti & Auld LLP, has filed a lawsuit against Apple Inc. and its senior executives, alleging potential violations of federal securities laws. 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 on behalf of investors who purchased Apple securities.

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

The stock market reacted swiftly to the revelations. On March 7, 2025, Apple announced indefinite delays in 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%, from $239.07 on March 7 to $227.48 on March 10, 2025 [1].

Further disappointment came on June 9, 2025, during Apple's Worldwide Developer Conference. The conference was described as "underwhelming" and "disappointing" by analysts and media outlets, with CNN stating that the announcements did not change the perception that Apple was behind its competitors in AI. This led to another decline in Apple's stock price, falling $2.47 per share, or over 1%, from $203.92 on June 6, 2025, to $201.45 on June 9, 2025 [1].

Investors who believe they have been affected by these misrepresentations are encouraged to submit their information to Bleichmar Fonti & Auld LLP. The firm offers representation on a contingency fee basis, with no cost to investors. Shareholders are not responsible for any court costs or expenses of litigation, and the firm will seek court approval for any potential fees and expenses [1].

For more information, investors can visit [https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit](https://www.bfalaw.com/cases-investigations/apple-inc-class-action-lawsuit) or contact Ross Shikowitz at ross@bfalaw.com or 212.789.3619.

References:
[1] https://www.globenewswire.com/news-release/2025/08/17/3134590/0/en/AAPL-LOSS-ALERT-Apple-Inc-Investors-with-Losses-are-Reminded-of-the-August-19-Class-Action-Deadline-Contact-BFA-Law-NASDAQ-AAPL.html