BlackBerry Gets Sued For Allegedly Misleading Investors

Posted Oct 6, 2013

BlackBerry has been sued by a shareholder that claims the company misled the public about its future, including how well the BlackBerry 10 would do against competition.

The lawsuit is seeking to represent thousands of shareholders who purchased BlackBerry stock from September 27, 2012 to September 20, 2013.

The shareholder reports that this period is when executives misrepresented their operations.  Marvin Pearlstein filed the lawsuit in a Manhattan court.

The defendants named are BlackBerry CEO Thorsten Heins and CFO Brian Bidulka.

[Source: Huffington Post]