Shareholders sued BlackBerry

New York - A shareholder sued felt cheated and BlackBerry . The plaintiffs alleged BlackBerry raise stock prices last year , with the stated business outlook for BlackBerry 10 phones is very bright . But in fact not the case .

BlackBerry assessed misled investors last year , citing that the company experienced growth in both financial and operational . Blackberry 10 platform is also claimed to be well received by the application developer .

Marvin Pearlstein named plaintiffs filed a petition in the court of Manhattan , USA . Marvin wanted to represent the thousands of shareholders who purchased shares of the BlackBerry between 27 September 2012 until 20 September 2013 .

In September last year , BlackBerry is still financially strong states . While September this year , they have lost about USD 930 million related to the amount of stock unsold BlackBerry . Blackberry mobile phone 10 apparently less able to compete with Android and iPhone .

" In fact , the BlackBerry 10 was not well received by the market and the company was forced to layoff around 4,500 employees , " from Reuters , Sunday ( 06/10/2013 ) .

In addition to the BlackBerry , Marvin also sued the CEO Thorsten Heins and CFO Brian Bidulka . BlackBerry itself has not commented on the lawsuit.

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