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. Plaintiffs allege BlackBerry "inflated its stock price and defrauded shareholders" by suggesting sales of BlackBerry 10 handsets were much better than they really were. The case was originally dismissed in March 2015, but new evidence suggests there's merit to the accusations. A retailer called Wireless Zone compiled data that showed a high return rate for BlackBerry 10 handsets. James Dunham, former CEO of Wireless Zone, sold that data to Detwiler Fenton, which generated a report detailing consumers' general dissatisfaction with BlackBerry 10 phones. BlackBerry's executives publicly said at the time that Blackberry 10 owners were in fact "satisfied" and the company insisted that return rates for Blackberry 10 handsets were “at or below our forecasts and right in line with the industry." It is these statements, in light of evidence to the contrary, that the plaintiffs say misled investors and eventually led to shareholder losses when BlackBerry 10 collapsed. BlackBerry did not comment on the matter, which now heads to trial.
Feb 11, 2020
A multi-state anti-trust lawsuit to stop the merger of Sprint and T-Mobile has failed. New York Attorney General Letitia James issued a statement saying "There is no doubt that reducing the mobile market from four to three will be bad for consumers, bad for workers, and bad for innovation, which is why the states stepped up and led this lawsuit.
May 13, 2019
The U.S. Supreme Court today ruled that an antitrust lawsuit can proceed against Apple for the way it runs its App Store.
Nov 12, 2020
TikTok will remain available and in business in the US for now, as the Commerce Department finally announced today that it will not enforce the order — that was set to go into effect today — which would have effectively shut down the app in the US. The new deadline from the Commerce Department is November 27th.
Nov 12, 2019
A federal judge today ruled that US border agents can't search travelers devices without "reasonable suspicion". Although they can still search devices without a warrant, they now need a specific reason to do so.
Apr 2, 2020
The California Public Utilities Commission yesterday issued an order clarifying that it has not yet granted approval for Sprint and T-Mobile to merge in California, and the merger cannot proceed in that state until it does so. The Commission is scheduled to vote on the merger on April 16th.