Apple Seeks Dismissal Of Investor Fraud Suit

Apple urged a federal judge to dismiss a proposed class action filed by shareholders led by South Korea’s National Pension Service, which alleges Apple misled investors about Siri’s AI capabilities and compliance with an App Store commission injunction tied to the Epic Games case. In filings Apple says it did not know in June 2024 that two advanced Siri features would be delayed and provided no guarantees its compliance procedures were foolproof.