Apple shareholder Eric Tucker today filed a proposed class action lawsuit against the company in a California court, over alleged violations of federal U.S. securities laws.
Apple’s CEO Tim Cook, former CFO Luca Maestri, and current CFO Kevan Parekh are also named as defendants in the case, which still needs to be certified by a judge.
The complaint alleges that Apple made false statements related to the more personalized version of Siri that it previewed during its WWDC 2024 keynote. The complaint alleges that these actions hurt the company’s stock price, and thereby harmed shareholders.
“Unbeknownst to investors, Apple lacked a functional prototype of these advanced AI-based Siri features at the time of the 2024 WWDC and had no reasonable basis to believe it could deliver the product it was advertising within the iPhone 16 product cycle, if ever,” the lawsuit alleges. The complaint cites a Daring Fireball post by John Gruber that described the Siri features as being merely a “concept video” when they were first announced.
The complaint also mentions the personalized Siri ad starring actor Bella Ramsey that Apple pulled from YouTube, and recaps many other known facts about the delayed Siri features. The lawsuit is very similar to previous class action lawsuits filed against Apple over this situation, except this one is filed by a shareholder and is focused on securities laws.
In March, Apple said it anticipated rolling out the delayed Siri features “in the coming year” from that point. In a recent interview, Apple’s marketing chief Greg Joswiak said that the “coming year” refers to 2026. iOS 26.4 is likely the current target for a rollout.
Apple’s stock price dropped nearly 13% in the week after the company disclosed the delay.
Apple has yet to comment on the lawsuit.
Popular Stories
Apple Watch Ultra 3 Finally Coming After Two-Year Hiatus
Apple will finally deliver the Apple Watch Ultra 3 sometime this year, according to analyst Jeff Pu of GF Securities Hong Kong (via @jukanlosreve). The analyst expects both the Apple Watch Series 11 and Apple Watch Ultra 3 to arrive this year (likely alongside the new iPhone 17 lineup, if previous launches are anything to go by), according to his latest product roadmap shared with…
iPhone 17 Pro Launching in Three Months With These 12 New Features
The iPhone 17 Pro and iPhone 17 Pro Max are three months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of June 2025:Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone X through iPhone 14 Pro have a…
iPhone Driver’s Licenses: These 17 U.S. States Offer Them or Will Later
In select U.S. states, residents can add their driver’s license or state ID to the Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports and businesses, and in select apps. Unfortunately, this feature continues to roll out very slowly since it was announced in 2021, with only nine U.S. states and Puerto…
Apple Releases iOS 18.6 Public Beta
Apple today seeded the first betas of upcoming iOS 18.6 and iPadOS 18.6 updates to public beta testers, with the betas coming just a few days after Apple provided the betas to developers. Testers who have signed up for beta updates through Apple’s beta site can download iOS 18.6 and iPadOS 18.6 from the Settings app on a compatible device by going to General > Software Update. When the…
iOS 26 Beta is Hiding a New Ringtone — Here’s What It Sounds Like
Apple is hiding a new ringtone within iOS 26. The new ringtone is an alternative version of the existing Reflection ringtone, which has been the default ringtone since the iPhone X was released in 2017. It was discovered within the code for the first developer beta of iOS 26, but it remains hidden, so you will not find it in the list of ringtones available in the Settings app for now. It…
Apple Says iOS 26 Won’t Be Available on These iPhone Models
Apple this week revealed that iOS 26 is compatible with the iPhone 11 series and newer. That means that iOS 18 is the end of the road for the iPhone XS, iPhone XS Max, and iPhone XR, which were all released in 2018. However, those devices will continue to receive security updates for at least a few more years. iOS 26 is compatible with the following iPhone models: iPhone 16e iPhone…
iOS 26: Five Changes Coming to Your iPhone Lock Screen
With iOS 26, Apple has made some additions to the iPhone Lock Screen that aim to make it more customizable than ever. Of course, things can always change before the software makes its way to the general iPhone-owning public, but here are five new things iOS 26 can do on the Lock Screen as of the current developer beta. Widgets Top or Bottom In iOS 18, the row of widgets on your Lock…
6 Features Coming to the Apple Watch Ultra 3
The Apple Watch Ultra 3 is expected to launch later this year, arriving two years after the previous model with a series of improvements. While no noticeable design changes are expected for the third generation since the company tends to stick with the same Apple Watch design through three generations before changing it, there are a series of internal upgrades on the way. By the time the …
Spotify Preparing to Launch Long-Awaited Lossless Audio Tier on iPhone
Spotify appears to be gearing up to launch its long-awaited lossless music tier. Chris Messina (via TechCrunch) and Spicetify (via The Verge) spotted new lossless references within the code for Spotify’s desktop app and web player. With assistance from Aaron Perris, MacRumors has confirmed that the latest beta of the Spotify app for the iPhone also contains new lossless-related code….
