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RIM Being Investigated for Securities Fraud

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May 23, 2011, 2:52 PM   by Eric M. Zeman
updated May 23, 2011, 7:07 PM

A law firm today announced that it is investigating statements made by Research In Motion between December 16, 2010 and April 28, 2011 that it believes may have misled investors. The firm of Holzer Holzer & Fistel allege that RIM made "materially false and misleading" statements regarding its operations, and also that RIM "knew but failed to adequately disclose that it was experiencing problems associated with an aging product line which were negatively impacting RIM’s business and margins." The law firm is attempting to determine if RIM defrauded investors. RIM's line of BlackBerry devices has not been significantly since 2010.

more info at Reuters »

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Subject Author Date
Who did they think they were fooling? Xyroze May 23, 2011, 3:09 PM
Typo Mikey C May 23, 2011, 3:23 PM
 
 
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