It couldn’t get much worse for BlackBerry. Of course, that’s what they thought a couple of weeks ago and again last week. Perhaps this is the week when the bad news stops, but not before learning that their own investors are coming after them for being misled.
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 27 September 2012, to 20 September 2013, a period in which it alleges executives misrepresented the state of BlackBerry’s operations.