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- Apple sued by shareholders for allegedly overstating AI . . .
Apple sued by shareholders for allegedly overstating AI progress By Jonathan Stempel June 20, 2025 9:08 PM UTC Updated ago People walk past an Apple logo at an Apple store in Paris, France
- Apple sued by shareholders for fraudulently overstating Siri . . .
On Friday, Apple was hit with a proposed securities fraud class action lawsuit from shareholders, alleging the company misrepresented the timeline for integrating advanced AI into its Siri voice
- Apple sued by shareholders for allegedly misleading on AI plans
Apple investors filed a lawsuit against the tech firm in a proposed class action for securities fraud on Friday, June 20 The shareholders accuse the company of overstating the maturity and readiness of its “Apple Intelligence” AI features—especially those tied to the Siri voice assistant—during its June 2024 Worldwide Developers Conference (WWDC)
- Apple Shareholders Launch Class Action Lawsuit Over AI . . .
Apple sued by shareholders for allegedly overstating AI progress The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9
- Apple sued by shareholders for misleading progress in AI
Shareholders argued that the company led them to believe Apple Intelligence would play a more relevant role in iPhone 16 sales For this reason, the group led by Eric Tucker considered that the
- Apple faces lawsuit over alleged misrepresentation of AI . . .
Apple faces a class action lawsuit from shareholders alleging the company overstated its AI progress, particularly with Siri The lawsuit claims Apple misled investors about the readiness of advanced Siri features, impacting iPhone sales and stock value This led to significant financial losses for shareholders, with Apple's market value dropping substantially
- Apple Lawsuit Alleges CEO Tim Cook Misled Public on Siri’s AI . . .
Apple is being sued by shareholders over claims it misled the public about Siri’s AI capabilities during WWDC 2024 The lawsuit targets CEO Tim Cook and alleges Apple overstated its progress on Siri upgrades for the iPhone 16 Delays in Siri’s AI rollout until 2026 have fueled accusations that Apple made premature announcements
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