BlackBerry, and more specifically some of its managers must now face the accusations of investors who claim they were misled about the state of the company’s future. Canadians are not only able to recapture the wind in the sails, but it seems that a ton. The defendants are the CEO Thorsten Heins and CFO Brian Bidulka, but not only.
Deceived
According to Canadian Business Journal, the BlackBerry might just be going with a new problem. Group accusation could be provoked by “cheating investors of the company’s situation.” Class action lawsuit was filed by “thousands” of shareholders who acquired shares between September 27 2012 and September 20 this year, a period in which the executives allegedly falsely reported the status of the BlackBerry OS.
The lawsuit, in addition to the company itself, there are names of loaded liability – Thorsten Heins, President, and Brian Bidulka, Director de finance matters. None of the allegations have been proven in court, and BlackBerry representative declined to comment, saying that the company is currently “re-examining the case.”
Blackberry
situation is bad, very bad
Since September 20, when the company first revealed huge losses and a number of mass layoffs, BlackBerry’s share price fell by 25 percent on the Nasdaq. That was not the only setback Blackberry in recent years, just the latest. Let us recall even a bad sale (even after the reduction of prices to production costs) playbook, unnoticed launch their latest models and low sales. On the other hand, in the software, BlackBerry Messenger was a step away from the official release for Android and iOS, but for now, thousands of users of these operating systems has not received a response. How to draw the future of the company?
Source: The Hiffington Post
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