GlobeNewswire News Room·2025-07-13 18:23Core Viewpoint - A class action lawsuit has been filed against Apple Inc. for allegedly making false and misleading statements regarding the integration of advanced AI-based features into its devices, which may have impacted investor decisions and the company's financial prospects [4]. Group 1: Class Action Details - The class period for the lawsuit is from June 10, 2024, to June 9, 2025, and the lead plaintiff deadline is August 19, 2025 [1]. - Investors who purchased Apple securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. - A lead plaintiff acts on behalf of other class members in directing the litigation and must file a motion with the court by the specified deadline [2]. Group 2: Allegations Against Apple - The lawsuit claims that Apple misstated the timeline for integrating advanced AI-based Siri features, making it unlikely these features would be available for the iPhone 16 [4]. - The absence of these advanced features is alleged to negatively impact iPhone 16 sales, leading to overstated business and financial prospects for Apple [4]. - The lawsuit asserts that Apple's public statements were materially false and misleading throughout the class period, resulting in investor damages when the truth was revealed [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3].