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 10 smartphone
line 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.
Marvin Pearlstein filed the lawsuit in a Manhattan court on Friday.
BlackBerry's CEO Thorsten Heins and chief financial officer Brian Bidulka are also named as defendants.
BlackBerry declined to comment.
BlackBerry disclosed last month that it would book
nearly a billion dollars in losses related primarily to the write down
of unsold BlackBerry Z10 touchscreen smartphones.
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