Another day, another lawsuit appears for Apple. An Alabama woman, Jessica Smith, has filed a lawsuit against the company alleging that despite marketing claims of the iPhone 3G being “twice as fast for half the price” of its predecessor, the device is actually much slower than advertised and prone to dropping calls.

Smith is seeking for class action status for the lawsuit contending that Apple is selling a defective product, is benefiting from it financially, and she and other class members are therefore entitled to damages, costs and attorneys’ fees.

The charges in the lawsuit mirror widespread complaints about the iPhone 3G’s reception that have emerged since the much-hyped smartphone launched on July. Earlier this week, Apple finally acknowledged that reception issues existed and delivered an update to provide “improved communication with 3G networks.”