RIM Being Investigated for Securities Fraud
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.
Class Action Against BlackBerry Over Handset Sales Can Proceed
BlackBerry's hope to squash a lawsuit has been dashed by a U.S. judge who says the legal proceedings can move forward.
Small Company Takes Apple to Court Over Apple Pay Patents
Universal Secure Registry, a small firm from Boston, has filed a patent complaint against Apple and Visa over the technology used to create Apple Pay. According to the lawsuit, Kenneth P.
Samsung Looks to Redefine Corporate Culture
Samsung hopes changing its rigid corporate culture will help it perform better as a business. The company believes emulating the behavior of startups can make it a more nimble firm, able to respond swiftly to opportunities.
Broadcom Lays Off 1,100 to Cut Costs
Broadcom says it has let go of about 1,100 employees in the wake of its $5.5 billion acquisition of Brocade. The Brocade deal closed in November 2017 and the firm has since been working to integrate the two.
Blu Phones Among Those Impacted By Hidden Backdoor
Kryptowire, a security research firm, says millions of phones made by Chinese companies, including Blu, include a secret backdoor that send owner text messages to a server in China. The backdoor also records location data, reports the contents of messages, and identifies the recipients of those messages.
Who did they think they were fooling?
That is all.