Blackberry Sued By Investors For Misleading About The Success Of BB10

Bloomberg reported that, the company mislead and have given some wrong statement to investors about the success of BB10. The investor, Marvin Pearlstein, has filed the lawsuit against Thorsten Heins, CEO of Blackberry and CFO Bidulika.

Heins allegedly wrote that BlackBerry “continues to be a financially strong company.” So, the suit was filed in the court of Manhattan, and told that the false and misleading statements were made in the press release of 27th September 2012.

BlackBerry recently released its earning from Q2 and it’s revealed that the company is facing a huge loss of $965M. So, there is an announcement that 4,500 jobs would be cut. Last month it was also revealed that Mike Lazaridis, BlackBerry co-founder warned director against the touchscreen BlackBerry Z10 smartphone.

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