### Apple Faces Legal Action Over Alleged Misleading Claims Related to AI Capabilities and Legal Compliance
The technology behemoth Apple is presently facing a lawsuit that accuses it of deceiving investors concerning the timeline and readiness of its artificial intelligence (AI) capabilities, particularly its Siri voice assistant. The legal action also addresses the company’s management of the Epic Games situation, raising considerable alarm among shareholders.
#### Claims of Deception
As per reports, the lawsuit is a proposed class action asserting that Apple misled its shareholders by exaggerating Siri’s capabilities and misrepresenting its adherence to a court order linked to app sales commissions. The claims indicate that Apple’s assertions about its AI progress were excessively optimistic and did not accurately depict the genuine state of development.
In a recent submission, Apple has attempted to dismiss the lawsuit, contending that there is no substantiation for assertions that the company intentionally misled investors regarding the timeline for integrating advanced AI features into Siri. The submission highlights a June 2024 conference where Apple discussed its AI efforts but asserts that the company was not aware of any potential delays that could impact iPhone 16 sales.
#### Association with Epic Games Case
The lawsuit also alludes to the ongoing litigation with Epic Games, which has had considerable ramifications for Apple’s App Store operations. The second fraud allegation in the lawsuit relates to a stock drop that came after a ruling by Judge Yvonne Gonzalez Rogers, which determined that Apple had breached an injunction necessitating modifications to its App Store commission framework. Apple’s defense argues that the company did not ensure that its compliance protocols would be flawless.
#### Representation of Shareholders
The plaintiffs in this matter are spearheaded by South Korea’s National Pension Service, recognized as the world’s third-largest pension fund, managing nearly $1 trillion in assets. This participation highlights the gravity of the accusations and the potential effects on Apple’s reputation and financial health.
#### Apple’s Legal Strategy
In its defense, Apple’s legal counsel has asserted that while the company’s stock has undergone fluctuations, it would be unreasonable to conclude that these changes amount to securities fraud. The defense underscores that the difficulties encountered by Apple’s stock do not equate to deliberate misconduct or misrepresentation.
As the case progresses, it will be essential to track the developments and possible ramifications for Apple and its investors. The result could establish important precedents regarding corporate transparency and responsibility within the tech sector.
For additional information, you can access the complete report by Reuters [here](https://www.reuters.com/sustainability/boards-policy-regulation/apple-seeks-dismissal-fraud-lawsuit-over-siri-ai-epic-injunction-2026-02-26/).