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.
Who did they think they were fooling?
That is all.