New collective action: Apple’s AI delay should brake action course

A new procedure comes up on Apple: an Apple shareholder sues the group for possible violations of US securities law, which Apple supposedly committed through the delay. The plaintiff strives for a class action so that other affected people can join.

Numerous shareholders affected

“Tucker v. Apple” deals with the question of whether Apple made false information and ultimately harmed shareholders. Because their share certificates had initially visibly reduced after Apple’s granting the problems. Since the topic of AI moves the courses heavily, the plaintiff sees himself for compensation. The lawsuit is not only directed against Apple, but also personally against Apple boss Tim Cook, ex-finance director Luca Maestri and the new CFO Kevan Parekh.

The plaintiff Eric Tucker accuses the company of having deceived investors about the availability of advanced AI functions for his iPhone 16. The application shows how Apple misleaded these functions during its WWDC 2024 developer conference, although – this is how Tucker – does not have a functional prototype, which led to significant price losses after the announcement of delays. The lawsuit demands compensation for investors who have acquired Apple securities between June 10, 2024 and June 9, 2025. If the lawsuit had success, numerous shareholders would be affected.

Apple: Wasn’t vaporware

In the lawsuit, Tucker and his lawyers refer to the reporting on the postponed “context -sensitive siri”. Apple’s management itself had recently claimed that the technology was “no vaporware” and was definitely ready to demonstrate. However, the group decided to pursue a different iteration of the software.

In addition to the personal context for Siri, Apple also wanted to implement apps by the voice assistant and the reading of the screen – the latter is now being implemented by screenshot, also with the help of chatt.

Apple is already faced with collective suits because of the new Siri functions delayed in the coming year. So far, however, it was primarily about the fact that users accuse the company misleading advertising: they say, say, no new iPhone acquired if they knew that the improved voice assistant was missing.