Apple has announced that it has dropped its securities fraud case to stop the Epic process


Apple is citing a newly dismissed securities fraud lawsuit to support its request to stay lower court proceedings in its legal battle with Epic Games while the Supreme Court considers part of the dispute. Here are the details.

At the beginning of this year, A proposed class action Filed on behalf of the City of Coral Springs Police Officers Retirement Plan, accusing Apple of securities fraud.

The lawsuit alleges that Apple misled investors about whether the company would actually comply with the order in the Epic Games lawsuit and whether the company would deliver the announced AI-powered Siri features.

Meanwhile, Apple continues to fight the contempt finding in the Epic case. The Supreme Court is now considering whether Apple can be held in civil contempt for charging commissions for purchases outside the App Store because the 2021 ruling requiring it to allow non-App Store purchase options did not expressly prohibit such a fee.

Last week Apple asked the lower court While the Supreme Court considers the contempt finding, stay proceedings that would determine what commission the company can charge for purchases made outside the App Store.

Apple argues that the Supreme Court’s decision could affect lower court proceedings. Epic Games Controversies.

Apparently, Apple made a similar request to drop the Coral Springs securities fraud case, as it also includes the Epic Games case.

Earlier today, Judge Noël Wise granted Apple’s request, meaning the Coral Springs case will be stayed until the Supreme Court rules on the civil contempt case.

This, in turn, prompted Apple to submit Judge Wise’s decision in the Epic Games case, arguing that Judge Yvonne Gonzalez supported Rogers’ request to stay those proceedings as well.

From Apple’s submission to Judge Rogers:

(Apple) respectfully notifies this Court of the recent decision of the United States District Court for the Northern District of California in Coral Springs Police Officers Retirement Plan v. Apple Inc. (…). This latest decision (…) relates to this Court’s analysis of Apple’s pending motion for a stay of proceedings pending Supreme Court review.

Judge Rogers is currently considering Apple’s arguments and Epic’s counterarguments and is granting Apple’s motion to dismiss the case. Apple hopes that Judge Wise’s decision will persuade Judge Rogers to proceed with the lawsuit.

Interestingly, in response to Epic’s motion to continue the case, Apple also asked Judge Gonzalez Rogers to temporarily stop the process even if it denies the stay, it allows the company to ask the Ninth Circuit or the Supreme Court to stay the case, while the Supreme Court hears the contempt order separately.

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