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Apple Moves to Toss Shareholder Fraud Suit Over Siri AI and App Store Ruling

Plaintiffs led by South Korea’s National Pension Service allege losses tied to AI delays alongside App Store injunction fallout.

Overview

  • Apple asked a San Jose federal judge to dismiss the proposed class action in a Wednesday filing.
  • The company argues investors lack evidence it knew in June 2024 that two advanced Siri features would slip beyond expected timelines.
  • Apple says its procedures to comply with the 2021 Epic Games injunction were never guaranteed to be foolproof.
  • Judge Yvonne Gonzalez Rogers previously criticized Apple’s 27% fee on some external purchases, with her sanctions partially reversed by an appeals court in December 2025.
  • The suit covers alleged losses from May 3, 2024 to May 1, 2025 and now awaits the court’s decision on Apple’s dismissal bid.