A class-action cause has been filed against BlackBerry by a stockholder claiming the corporate misled investors regarding its future, together with however the BlackBerry ten smartphone line would fare against competitors.
The cause seeks to represent thousands of shareholders UN agency purchased BlackBerry stock from Sept. 27, 2012, to Sept. 20, 2013, a amount within which it alleges executives perverted the state of BlackBerry's operations.
Waterloo, Ontario-based BlackBerry, erstwhile analysis In Motion, misled investors last year by spoken language that the corporate was "progressing on its money and operational commitments," which previews of its BlackBerry ten platform were well received by developers, in line with stockholder Marvin Pearlstein during a cause filed during a judicature in Manhattan on Fri.
"In reality, the BlackBerry ten wasn't well received by the market, and therefore the company was forced to ... lay off close to four,500 workers, totaling close to four-hundredth of its total men," the criticism alleges.
BlackBerry's CEO Thorsten Heins and Chief money dealer Brian Bidulka were additionally named as defendants.
The cause seeks to represent thousands of shareholders UN agency purchased BlackBerry stock from Sept. 27, 2012, to Sept. 20, 2013, a amount within which it alleges executives perverted the state of BlackBerry's operations.
Waterloo, Ontario-based BlackBerry, erstwhile analysis In Motion, misled investors last year by spoken language that the corporate was "progressing on its money and operational commitments," which previews of its BlackBerry ten platform were well received by developers, in line with stockholder Marvin Pearlstein during a cause filed during a judicature in Manhattan on Fri.
"In reality, the BlackBerry ten wasn't well received by the market, and therefore the company was forced to ... lay off close to four,500 workers, totaling close to four-hundredth of its total men," the criticism alleges.
BlackBerry's CEO Thorsten Heins and Chief money dealer Brian Bidulka were additionally named as defendants.
