Considered BlackBerry Deceive Shareholders

BlackBerry downturn apparently made a dissatisfied shareholder . The shareholder named Marvin Pearlstein was then a class action lawsuit against the company .

In its claim , Pearlstein BlackBerry accused had given misleading statements by saying that BlackBerry 10 products will have a bright future .

BlackBerry , according to the lawsuit , stating that the company is " making progress in terms of financial and operational commitment " , and that the BlackBerry 10 platform was greeted warmly by the application developers .

" In fact , the BlackBerry 10 was not well received by the market . ... Company was forced to lay off 4,500 people , or about 40 percent of its workforce , " the phrase in the lawsuit, was quoted as saying by The Guardian .

Pearlstein claims that stock prices fall BlackBerry recently is a direct result of misleading information about the financial state of the company which he said had been circulated by Blackberry .

Pearlstein wanted to represent " thousands" of other shareholders who bought stock in the period 27 September 2012 to 20 September 2013 .

At that time , executives BlackBerry assessed conceal the real state of the company , until then announced huge losses due BlackBerry 10 devices unsold .

Call Pearlstein not behind the lawsuit BlackBerry CEO Thorsten Heins and chief financial officer Brian Bidulka as defendants . BlackBerry itself declined to comment and said it was " studying the issue " .

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