sconosciuto
About
- Username
- sconosciuto
- Joined
- Visits
- 78
- Last Active
- Roles
- member
- Points
- 2,209
- Badges
- 2
- Posts
- 393
Reactions
-
Apple shareholders sue over Siri delays and massive losses
and? do you expect that something highly unfavorable will be found?mikethemartian said:If Apple doesn’t settle then they take the risk of going through discovery.
-
Apple shareholders sue over Siri delays and massive losses
You seem to think that the securities market is the Wild West, anything goes and caveat emptor. While this is true to a certain extent, the most obvious counter-example is Enron which engaged in grossly fraudulent misrepresentations that were aided and abetted by their accounting firm. There are many other less notorious examples of shareholders successfully suing public companies over lies and misrepresentations to the public and to shareholders.rob53 said:So shareholders want to sue for vaporware? Good luck on that. This happens all the time with products in every business. Companies try and make a good faith effort to bring a proposed product to market but these products don't always work out. I'd challenge the stockholders to justify everything they've said they were going to do but didn't. The stock market is gambling, plain and simple. Sometimes you win, most times you lose. Deal with it!
-
Apple shareholders sue over Siri delays and massive losses
#GoogleThatShitleehericks said:Isn’t the point of buying stock that you take a risk on supporting the company? How can you sue them?You can sue and stand a decent chance of success in the suit if the company in question deliberately misled shareholders. The SEC - at least, prior to the current regime - can also sanction public companies for false and misleading statements to shareholders.I'm not going to go into more specific language because IANAL but this does happen. Didn't Google it right now but I seem to recall Musk got in hot water in the past for misrepresentations related to Xitter. I am fairly certain Rivian is facing a CA over misleading statements to shareholders. Nikola was sued by short sellers over a 2018 demo of their technology that was faked with crude camera tricks.I find it VERY hard to believe that Apple just straight-up lied about its AI efforts. They may have exaggerated and used clever language but that's not the same as lying, not even close especially in a court of law. FWIW I had a very strong sense that Apple was spinning hard about their AI efforts judging by the language they used at the WWDC (2024 I think?) where they made a lot of big AI announcements. It had a strong flavor of "concepts of a plan."I suppose the attorneys are hoping they can find a judge to see things their way, and if they do then the risk:reward could be very favorable. Given the appalling state of the US judiciary today, that could well be a savvy gamble despite facts not being on the side of the plaintiffs.
-
Apple shareholders sue over Siri delays and massive losses
On Friday, Apple's shareholders launched a class action lawsuit against the tech giant.At the risk of being pedantic... "Apple's shareholders" means all of Apple's shareholders. I'm an Apple shareholder and I am not a party to this lawsuit. "Apple shareholders" or "Some Apple shareholders" would have been much more accurate.
I understand this was a class action on behalf of all shareholders, yet I and many, many other shareholders did not participate in the filing of this (frivolous) lawsuit. We would have no role in this action until/unless it is successfully adjudicated in favor of the plaintiffs.
-
Apple shareholders sue over Siri delays and massive losses
When one enters law school, one's sense of ethics and morals is removed. It's a condition of admission.ssfe11 said:Ridiculous lawsuit from clueless greedy ambulance chasing lawyers. How do these guys live with themselves? Have a great weekend.
