Apple Inc asked a US federal judge to throw out a proposed class action lawsuit that accuses the company of misleading shareholders about the future of its Siri voice assistant and its compliance with court rules on App Store payments.
In a court filing on Wednesday in San Jose, California, Apple said there was no evidence it knew in June 2024 that two new artificial intelligence (AI) features for Siri would take longer to develop than expected. The company argued that its statements at the Worldwide Developers Conference that year were not promises, but descriptions of planned improvements.
Apple later delayed some Siri upgrades in March 2025. In May 2025, Chief Executive Tim Cook told investors that work on a “more personal” Siri was “taking a bit longer than we thought.” Shareholders claim these delays hurt sales of the iPhone 16 and caused Apple’s share price to fall.
The lawsuit also claims Apple gave false information about following a 2021 court order from a case brought by Epic Games. That order required Apple to allow app developers to show links so users could pay them directly outside the App Store, avoiding Apple’s usual 30 percent commission on in-app purchases.
Apple said it never promised its new system – which sometimes charged 27 percent on external sales – would be perfect or free of problems. A judge had criticised Apple for the new charges, though an appeals court later reduced some penalties.
The proposed class action covers Apple shareholders who bought shares between May 3, 2024, and May 1, 2025. They say wrong statements from Apple caused big losses in the company’s stock value, possibly worth hundreds of billions of dollars in total.
Apple told the court: “It is no secret that Apple faced challenges and ups and downs in its stock price in 2025, like many major companies. But the plaintiff makes a big and unsupported jump by claiming securities fraud caused the temporary price drops.”
The lead plaintiff in the case is South Korea’s National Pension Service, one of the world’s largest pension funds with nearly $1 trillion in assets. Lawyers for the shareholders did not immediately comment on Apple’s request to dismiss the case.
The lawsuit is one of several legal battles Apple has faced over its App Store rules and its public statements about new technology. The case remains ongoing in the US District Court for the Northern District of California.
