10-08-13 01:13 PM
31 12
  1. njblackberry's Avatar
    This is a ludicrous lawsuit. Since when is an investment in the stock market guaranteed? America does not make anything anymore. All their jobs have been exported to China. The only industry left in America is being a patent troll, suing people and ripping off people on Wall Street like what JP Morgan did to get $11 billion in fines.
    Irrational Canadian Rage - how cute.
    10-06-13 11:29 AM
  2. danprown's Avatar
    Next thing you know -- boycott of the state of NY.

    Somebody gonna get a hurt real bad!

    Irrational Canadian Rage - how cute.
    10-06-13 01:23 PM
  3. Baconwich's Avatar
    This reminds me of that time the Italian scientists were sent to jail for not predicting an earthquake that killed 300+ people.

    "In vino veritas, in aqua sanitas."
    10-07-13 09:43 PM
  4. tmb2013's Avatar
    This is a class action civil suit. It is not about proving whether a law was broken, no one cares if a law as broken. These suits are about proving economic damage. In front of a jury.

    The intent is to have joe and Jane sit in front of a jury and say that they bought BBRY shares in reliance on what the company management was stating publicly and because they relied on those assertions they have lost their retirement funds.

    The ultimate goal is not to consign the case to a jury and rely on them to ascertain damages, rather they want to draw BBRY to the table for a negotiated settlement, in the 100's of millions of dollars.

    And they will, and they will get the settlement.

    Whether a law was broken or not is not relevant. It is a civil suit.
    10-07-13 10:06 PM
  5. oilgeo10's Avatar
    Looks like more legal 'vultures' are getting involved ... one now looking to represent big dollar losers on BBRY.

    SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $250,000 in Losses From Investment in BlackBerry Limited to Contact Brower Piven Before the December 3, 2013 Lead Plaintiff Deadline -- BBRY

    10-08-13 12:23 AM
  6. jay64's Avatar
    The lawsuit is not about any "guarantee" - most forward looking statements are so generalized with double speak they are worthless except as possible lawsuit defenses. They are alleging that mgt touted sales and profits expected when it knew such was not the case based on their internal data. That is what gets you a lawsuit. Whether it is true or not is yet to be determined. There certainly was variance between the CEO's positive pronouncements and what turned out to be the actual facts. At worst, this would put a hitch in bidder's interest as it is a trailing negative attribute. It is not "legal" to give shareholders knowingly false information, if that is what occurred.
    10-08-13 01:13 PM
31 12

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