Apple Faces Lawsuit Over Delayed Siri Features and Falling Stock
Apple is sued by a shareholder claiming delayed Siri features misled investors and hurt stock value. Here's what the lawsuit means.
Matilda
Apple Faces Lawsuit Over Delayed Siri Features and Falling Stock Apple Shareholder Sues Over Delayed Siri Features and Stock Drop Apple is now facing a class action lawsuit filed by one of its own shareholders, who alleges the company misled investors about the readiness of new AI-based Siri features. The focus keyword Apple sued over delayed Siri features has been trending among tech and financial circles since the lawsuit was filed in California. This case centers around claims that Apple made false or misleading statements about the capabilities and timeline for its revamped Siri, announced during the WWDC 2024 keynote. As a result, the lawsuit argues, investors suffered when Apple’s stock price took a significant hit following public acknowledgment of delays. Image : Google The case, filed by shareholder Eric Tucker, names not only Apple but also CEO Tim Cook, former CFO Luca Maestri, and current CFO Kevan Parekh as defendants. It accuses the company of violating federal U.S. securities laws by making public claims th…