2nd Circ. Asked to Reboot BlackBerry Shareholder Suit

Law360, Los Angeles (June 14, 2013, 9:12 PM EDT) -- A Research in Motion Ltd. investor Thursday urged the Second Circuit to revive a securities fraud class action over a string of failed products, saying a lower court gave executives at the BlackBerry-maker too much leeway when reviewing their statements to investors.

Lead plaintiff Robert Shemian filed an appeal with the Second Circuit on Thursday, seeking to overturn in full a March ruling by U.S. District Judge Richard J. Sullivan dismissing the class action with prejudice. Shemian says Judge Sullivan improperly gave RIM the benefit of the...
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