Apple has formally filed a motion with the court to dismiss fraud allegations regarding its involvement in "billions of dollars in losses," in response to a class-action lawsuit led by South Korea's National Pension Service, the world's third-largest pension fund.
In this high-profile legal battle, the plaintiffs accuse Apple of two fraudulent acts: first, deliberately exaggerating the progress of Siri's AI upgrades, leading investors to misjudge the sales prospects of the iPhone 16; second, making false statements regarding the compliance of the App Store commission in the Epic Games case.
Regarding the Siri AI delay controversy, Apple refutes the claims in its documents, stating that the company did not anticipate the subsequent integration would take longer when it released the relevant technology in June 2024. In fact, the plan was only partially postponed until March of the following year, and Cook has publicly acknowledged that the development of personalized AI exceeded expectations.
On the App Store commission dispute, the plaintiffs argue that Apple had promised to comply with the "allowing external payments" order, but actually circumvented regulation through its new 27% commission system. In response, Apple claims it never guaranteed its compliance procedures were "flawless," and the federal appellate court has partially lifted the relevant penalties as of the end of 2025.
Apple argues that the plaintiffs' overinterpretation of the company's stock price fluctuations as "securities fraud" lacks legal basis. The case is currently being heard by the U.S. District Court for the Northern District of California in San Jose, and the outcome will have a profound impact on the AI messaging of tech giants.
