Governance & Derivative
Apple Inc. (NasdaqGS: AAPL)
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Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Apple Inc. (“Apple” or the “Company”) (NasdaqGS: AAPL).
On March 7, 2025, the Company disclosed that it was indefinitely delaying several AI-based Siri features due to development delays, pushing their release to sometime “in the coming year.” Then, on June 9, 2025, the Company hosted its Worldwide Developer Conference for 2025, failing to announce any substantive updates regarding advanced Siri features, which resulted in negative reactions from analysts and media outlets.
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information in violation of federal securities laws, which remains ongoing.
KSF’s investigation is focusing on whether Apple’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Apple shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.