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.
Mar 30, 2017
Google's new Reserve with Google service makes it possible to find, book, and pay for fitness classes pretty much anywhere in the U.S. Reserve with Google is available to mobile and desktop devices and works together with Google Maps and Google Search to find fitness studios, classes, ratings, rates, and more.
Feb 17, 2017
Jay Y. Lee, a top executive at Samsung, has been arrested after a judge agreed that the special prosecutor's allegations of corruption warranted legal action.
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
Oct 2, 2017
Samsung cannot force customers who've filed class-action lawsuits into arbitration, according to the U.S. Supreme Court.