Shareholder files class-action lawsuit against BlackBerry
TORONTO (AP) - A class-action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry Z10 smartphone would fare against competitors.
The lawsuit seeks to represent thousands of shareholders who purchased BlackBerry stock from Sept 27, 2012, to Sept 20, 2013, a period in which it alleges executives misrepresented the state of BlackBerry's operations.
Mr Marvin Pearlstein filed the lawsuit in a Manhattan court on Friday.
BlackBerry's chief executive Thorsten Heins and chief financial officer Brian Bidulka are also named as defendants.