Shareholders start lawsuit against BlackBerry - Telecompaper

A group of shareholders has filed a lawsuit against BlackBerry. According to the indictment, BlackBerry misled shareholders about the future of the organization, including the expected impact of the new range of BlackBerry 10 smartphones that will be launched this year, writes The Guardian.

It is a group lawsuit (class action). The complainants are intended to represent. All disgruntled shareholders BlackBerry These are investors who bought. Between September 27 2012 and September 20, 2013 shares In this period, executives of BlackBerry deliberately on how it went with the Canadian smartphone maker.

a misleading misrepresentation

The complaint was filed in a federal court in Manhattan Shareholder Marvin Pearlstein. He argues that BlackBerry has lied about receiving the BB 10 OS by developers and financial developments within the company. Eventually BlackBerry nearly a billion dollar write off his stock Z10 BB smartphones, the company decided to withdraw from the consumer market last September and there are 4,500 employees put on the street.

retreated

Early last week, BlackBerry announced that it is in talks with investor Fairfax that what remains of the BlackBerry market wants to get. Also investor Cerberus Capital Management would offer for the outstanding shares BlackBerry consider. Cisco, Google and SAP would be interested in (parts of) Blackberry. The proportion BlackBerry since September 20 with 25 percent of its value on the Nasdaq.