Apple Asks Judge to Toss Claims It Misled Investors on Siri AI Progress

Apple asked a federal judge Thursday (Feb. 26) to dismiss a proposed class action lawsuit that alleges the company defrauded shareholders, Reuters reported Thursday.

The plaintiff alleges that Apple overstated its progress in adding artificial intelligence features to its voice assistant Siri and that the company misrepresented its ability to comply with a 2021 injunction in a case brought by Epic Games, according to the report.

Apple argued in its court filing that there is no proof that it knew it would take longer than expected to add AI features to Siri, and that it did not guarantee it could comply with the injunction in the Epic case, the report said.

The Epic case involved the commissions Apple collected on purchases made in its App Store, per the report.

“It is no secret that Apple faces challenges and weathered ups and downs in its stock price in 2025, like many major companies,” the firm said, per the report. “But plaintiff takes a massive and unsupported leap by claiming that securities fraud caused the temporary price drops.”

In the Epic Games case, a judge ruled in April that Apple deliberately ignored her 2021 order to allow developers to direct consumers to other payment options outside the App Store.

Apple challenged the ruling, but an appeals court rejected its argument in December. The appeals court also ruled that a district judge must consider allowing Apple to collect a commission on transactions made outside its App Store, though not the 27% commission it used to charge.

Meanwhile, Apple’s planned AI makeover for Siri has seen more than a year of delays, glitches and senior departures.

It was reported Feb. 11 that the company plans to delay the launch of several new capabilities for Siri. Some features that the company expected to add in March as part of an iOS 26.4 update are now likely to be released in May as part of iOS 26.5 and in September as part of iOS 27.

In another, separate case, it was reported in October that Apple asked a judge to dismiss a racketeering lawsuit brought by digital payments solution provider Fintiv.