BlackBerry class action lawsuit

2022 - 4 - 7

BlackBerry Reaches Agreement in Principle to Settle Class Action ... (BlackBerry)

BlackBerry Limited announced today that it has reached an agreement in principle to settle the consolidated securities class action lawsuit captioned ...

As a result of the entry into the agreement in principle, BlackBerry expects that the above-referenced $165 million will be incorporated into its results of operations and financial condition for the fiscal quarter ending May 31, 2022. The Company anticipates that, upon final approval of the settlement, the litigation will be dismissed with prejudice. The Company anticipates that the stipulation of settlement will provide a full release of all claims against all defendants, including the Company and its officers, and will expressly deny any liability, wrongdoing or responsibility by any of the defendants. The agreement in principle contemplates an aggregate cash payment by the Company of $165 million to settle the claims brought on behalf of all persons who purchased or otherwise acquired BlackBerry shares on the NASDAQ between March 28, 2013 and September 20, 2013. The agreement in principle was reached following a voluntary mediation process resulting in the parties’ acceptance of the mediator’s recommendation for settlement. WATERLOO, ONTARIO – April 7, 2022 – BlackBerry Limited (NYSE: BB; TSX: BB) announced today that it has reached an agreement in principle to settle the consolidated securities class action lawsuit captioned Pearlstein v.

BlackBerry to pay $165 million to settle lawsuit over BlackBerry 10 (Financial Post)

Class action was brought against the company for allegedly defrauding shareholders by exaggerating BlackBerry 10's success and profitability.

BlackBerry to pay $165 million to settle lawsuit over BlackBerry 10 Back to video BlackBerry to pay $165 million to settle lawsuit over BlackBerry 10 BlackBerry said on Thursday it had agreed to pay $165 million to settle a more than eight-year-old class action lawsuit brought against it for allegedly defrauding shareholders by exaggerating BlackBerry 10 smartphone’s success and profitability.

BlackBerry To Settle Class Action Lawsuit (Nasdaq)

(RTTNews) - BlackBerry Limited (BB, BB.TO) has reached an agreement in principle to settle the consolidated securities class action lawsuit captioned ...

Blackberry Limited pending against the company and certain of its former officers in a U.S. District Court. The agreement in principle contemplates an aggregate cash payment by the company of $165 million to settle the claims brought on behalf of all persons who purchased or otherwise acquired BlackBerry shares on the NASDAQ between March 28, 2013 and September 20, 2013. The class action complaint was filed in October 2013. - 2 Semiconductor Growth Stocks Set to Soar in 2022 (and Beyond)

Post cover
Image courtesy of "Globalnews.ca"

BlackBerry will pay $165M to settle lawsuit over BlackBerry 10 ... (Globalnews.ca)

BlackBerry says it believes the allegations in the case are without merit but says the settlement would eliminate the distraction, expense and risk of ...

Blackberry Ltd. et al., was filed in a U.S. court in 2013. BlackBerry says it believes the allegations in the case are without merit but says the settlement would eliminate the distraction, expense and risk of continued litigation. Under the agreement in principle, the Waterloo, Ont., software company says it would pay $165 million to settle the claims outlined in the eight-year-old lawsuit.

Post cover
Image courtesy of "MarketWatch"

BlackBerry to pay $165 million to settle securities class action ... (MarketWatch)

Cybersecurity company BlackBerry Ltd. undefined said Thursday it has reached an agreement in principle to settle a class action lawsuit brought against some ...

In its 10-K annual report filed with the Securities and Exchange Commission on April 1, the company says that between October and December 2013, several purported class action lawsuits and one individual lawsuit were filed against the company and certain of its former officers in various jurisdictions in the U.S. and Canada. The suits alleged "that the Company and certain of its officers made materially false and misleading statements regarding the Company's financial condition and business prospects and that certain of the Company's financial statements contain material misstatements." Cybersecurity company BlackBerry Ltd. BB, -2.17%said Thursday it has reached an agreement in principle to settle a class action lawsuit brought against some of its former officers in a New York Court for $165 million. The company expects to book the $165 million in its May quarter results and does not expect to recover any of it from insurance.

Explore the last week