Apple is taking a firm stand in court this week, asking a federal judge to toss out a proposed class action lawsuit that claims the company misled its own shareholders, as reported by Reuters. The legal battle centers on two of Apple’s biggest recent challenges: the rollout of advanced Siri AI features and the ongoing fallout from the Epic Games injunction.
In a filing submitted to a San Jose federal court on Wednesday, February 25, 2026, Apple argued that the accusations are “unsupported” and lack evidence of any intentional wrongdoing. The lawsuit, led by South Korea’s National Pension Service, alleges that Apple’s actions caused billions of dollars in stock market losses for investors between May 2024 and May 2025.
The first half of the lawsuit claims Apple “overpromised” on its artificial intelligence capabilities during the June 2024 Worldwide Developers Conference (WWDC). Shareholders argue that Apple knew its advanced Siri features—like personal context and onscreen awareness—would take much longer to develop than initially suggested, which they believe misled those buying stock ahead of the iPhone 16 launch.
Apple’s legal team counters that there is no proof executives were aware of these delays at the time of the announcements. While CEO Tim Cook later admitted in 2025 that the “more personal” Siri was taking “a bit longer than we thought,” the company maintains that shifting timelines are a natural part of developing complex, cutting-edge technology.
The second major claim involves Apple’s compliance with a 2021 court order from its battle with Epic Games. The injunction required Apple to allow developers to link to external payment systems to avoid the standard 30% App Store commission. However, Apple introduced a new system that still charged a 27% fee, a move a judge later labeled a “willful violation.”
In its defense, Apple states it never guaranteed its compliance procedures would be “foolproof.” The company argues that it acted in good faith to follow the court’s rules while protecting its intellectual property. They contend that the lawsuit unfairly turns a complex regulatory dispute into a claim of securities fraud.
Do you believe Apple was transparent enough about its AI roadmap, or should shareholders have been given more warning about the delays? Let’s discuss in the comments below! Stay updated with the latest news on this by downloading the Appleosophy App from the App Store or by visiting our website.
