Apple (AAPL) sues ex-engineer for $10 million theft of secrets

Apple (AAPL) filed a lawsuit on July 10 against former engineer Chang Liu and OpenAI. The lawsuit alleges Liu exploited a security bug to access confidential hardware files after leaving Apple in January 2026 and coached a colleague on how to copy these materials. Apple claims he downloaded dozens of sensitive files, including over a thousand pages of technical documents. This legal action underscores potential vulnerabilities in company security and highlights the importance for investors to consider the implications of corporate espionage on Apple's operations and reputation.