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BB.US
id: 293, Created by Stan Vick Chase, Scout
BlackBerry Ltd
Settled
28 March 2013
Class period Start20 September 2013
Class period End07 September 2022
Claim deadlineBlackBerry Litigation
"Class action lawsuit alleging that BlackBerry Limited (“BlackBerry” or the “Company”) and certain of its officers and directors violated the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 10b-5 promulgated thereunder, by making materially false and misleading statements and omissions concerning BlackBerry’s then-new BlackBerry 10 smartphones (“BB10s”), and the sufficiency of its accounting and public disclosures concerning the same, that maintained the price of BlackBerry’s stock or otherwise prevented it from falling over the course of the Class Period. Defendants (as defined below) deny Plaintiffs’ allegations. The Parties disagree on, among other things, whether Defendants violated any federal securities laws and whether the alleged violations actually caused any damages to the Class Members."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
MARVIN PEARLSTEIN
Attorney
Kahn Swick & Foti,Brower Piven
Court
Southern District of New York
Judge
Hon. Thomas P. Griesa
Administrator
JND Legal Administration
Court hearing date
29 September 2022
Settlement conditions
excluding any Person who purchased BlackBerry common stock from March 28, 2013 through April 10, 2013 and who sold all of their position prior to April 11, 2013.
+$165,000,000
Total Settlement Amount