Motorola Can't Dodge Investor Action Over 3G Losses

Law360, New York (July 26, 2011, 4:42 PM EDT) -- Motorola Solutions Inc. lost a bid Monday to ditch an Illinois class action over losses shareholders allegedly suffered when the company failed to ship its third generation cellphones to stores for the 2006 holiday shopping season.

U.S. District Judge Amy J. St. Eve shot down a motion for summary judgment lodged by Motorola and its directors and officers in the suit alleging they masked a massive earnings gap in 2006 by falsely assuring investors that the 3G phones were on track for delivery and by entering...
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