• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar

Before Header

  • Facebook
  • LinkedIn

Law Offices of Jonathan L. Hood

NYC Corporate Law

  • Home
  • Attorneys
    • Jonathan L. Hood, Esq.
    • Benton J. Levy, Esq.
  • Services
    • Prepare Contract
    • Review Contract
    • Prepare Terms of Service and Privacy Policy
    • LLC Formation
    • Corporation Formation
    • Trademark Application
    • Copyright Application
    • Investment
    • Concierge General Counsel
  • Contact
  • Disclaimer

Mobile Menu

  • Home
  • Attorneys
    • Jonathan L. Hood, Esq.
    • Benton J. Levy, Esq.
  • Services
    • Prepare Contract
    • Review Contract
    • Prepare Terms of Service and Privacy Policy
    • LLC Formation
    • Corporation Formation
    • Trademark Application
    • Copyright Application
    • Investment
    • Concierge General Counsel
  • Contact
  • Disclaimer

Securities Class Action Another Blow to BlackBerry

October 7, 2013 //  by Jim Hood

BlackBerry, already reeling from tumbling stock prices and struggling to regain its once commanding position in Parajumpers Jacka Billigt the smartphone world, faces another challenge in the form of a newly-filed securities class action lawsuit.

The suit, filed in Manhattan on October 4, accuses BlackBerry of painting an overly rosy assessment of the company’s future, including what the suit says was unwarranted optimism about the BlackBerry 10, the company’s latest smartphone.

According to , the suit singles out comments made by BlackBerry CEO Thorsten Heins on September 27. Cheap Converse Shoes In a press release that day, Heins predicted the BlackBerry 10 would “drive improvements across the company.” Later that day, Heins claimed in a conference call that the company remained “financially strong” and was “executing and delivering on [its] commitments.”

To the contrary, the suit alleges, “the BlackBerry 10 was not well received by the market and the company was forced to write down a nearly $1 billion charge related to unsold BlackBerry 10 devices and lay off approximately 4,500 employees, totaling approximately 40 percent of its total workforce.”

The suit, Pearlstein v. BlackBerry Ltd., seeks to represent a class of investors who purchased BlackBerry stock between September 27, 2012 and September 20, 2013.

Category: blogTag: BlackBerry, class action, Research in Motion, securities class action, smartphones

Previous Post: « Reports: NFL Concussion Plaintiffs Wanted $2 Billion
Next Post: Appeals Court Halts Anti-Stop-and-Frisk Ruling »

Primary Sidebar

Recent Posts

  • The Uber Employee vs. Independent Contractor Dilemma
  • What Does CAN-SPAM Require?
  • What Documents Should My Team Sign?
  • Using a Bad Contract Template
  • LLC vs. S-corp vs. C-corp

Tags

American Civil Liberties Union (ACLU) Americans With Disabilities Act (ADA) apple arbitration bank of america civil rights class action compliance corporate structure corporate taxation corporation criminal justice discrimination ea sports Electronic Frontier Foundation (EFF) employment employment law Facebook federal trade commission (FTC) Fourth Amendment Gawker gay rights Google hacking hurricane sandy injunction intellectual property law enforcement LLC national football league (NFL) New York City NYPD privacy racism same-sex marriage s corporation securities class action security breach settlement smartphones sports law stop-and-frisk terms of service Terms of Use U.S. Supreme Court
  • Practice Areas
  • Attorneys
  • Success Stories
  • Blog
  • Privacy Policy

ATTORNEY ADVERTISING
Prior results do not guarantee similar outcomes in future cases. Please read our disclaimer. This Website contains general information only.
The information presented at this Website does not constitute legal advice or the formation of an attorney-client relationship.

The Law Offices of Jonathan L. Hood, P.C.
43 W. 43rd Street, Suite 107, New York, NY 10036
Copyright © 2021 · Law Offices of Jonathan L. Hood, P.C. · Web Design by: WarMarks