NEW YORK, July 06, 2025 — A high-profile lawsuit has been filed against Apple Inc. (NASDAQ: AAPL) and certain senior executives, alleging violations of federal securities laws. The legal action, initiated by Bleichmar Fonti & Auld LLP, claims that Apple misrepresented the capabilities of its AI-based features within Siri, impacting investors who purchased Apple securities. The case, titled Tucker v. Apple Inc., is currently pending in the U.S. District Court for the Northern District of California.
Investors have until August 19, 2025, to seek appointment as lead plaintiffs in this class action. The complaint, filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, focuses on alleged misrepresentations by Apple regarding the integration of advanced AI features in the iPhone 16 product cycle.
Allegations Against Apple
Apple, a global leader in technology, has been accused of overstating the functionality and development timeline of Siri’s advanced AI capabilities. The lawsuit claims that Apple did not have a working prototype of these features and failed to deliver them as promised, leading to significant investor losses.
On March 7, 2025, Apple announced a delay in the release of several Siri AI features, citing development issues. This announcement led to a notable decline in Apple’s stock price, dropping $11.59 per share, or nearly 5%, from $239.07 to $227.48 by the next trading day.
Market Reaction and Impact
The market’s response to Apple’s announcement was swift and negative. The delay in AI feature integration was compounded by the company’s underwhelming Worldwide Developer Conference (WWDC) in June 2025. Analysts criticized the lack of significant updates on Siri’s AI capabilities, further impacting investor confidence.
“It’s unlikely that any of the announcements made at Monday’s event will change the perception that Apple is behind its competitors in AI,” reported CNN following the WWDC.
Following the conference, Apple’s stock experienced another decline, falling $2.47 per share, or over 1%, from $203.92 to $201.45.
Legal Options for Investors
Investors who purchased Apple securities during the affected period may have legal recourse. Bleichmar Fonti & Auld LLP encourages affected shareholders to submit their information for potential inclusion in the class action. The firm operates on a contingency fee basis, meaning investors will not incur costs unless the lawsuit is successful.
For more details, investors can visit the firm’s website or contact Ross Shikowitz directly for further guidance.
About Bleichmar Fonti & Auld LLP
Bleichmar Fonti & Auld LLP is a prominent international law firm specializing in securities class actions and shareholder litigation. Recognized as a top plaintiff law firm, BFA has achieved significant recoveries, including over $900 million from Tesla, Inc.’s Board of Directors and $420 million from Teva Pharmaceutical Ind. Ltd.
While past successes do not guarantee future outcomes, BFA’s track record highlights its capability in handling complex securities litigation. For more information on the firm and its attorneys, interested parties can visit their official website.
This case against Apple underscores the ongoing scrutiny of technology companies regarding transparency and accuracy in their public statements, particularly in the rapidly evolving field of artificial intelligence.
