RIM Flops Don’t Prove Investor Deception, Judge Says

Law360, New York (March 29, 2013, 7:39 PM ET) -- Poor management, not deceit, likely caused Research In Motion Ltd. to release a string of unsuccessful products in the past several years, a New York federal judge said Friday, dismissing a securities class action over poorly received RIM products like the Playbook tablet.

U.S. District Judge Richard J. Sullivan ruled that lead plaintiff Robert Shemian failed to show that RIM executive purposefully misled its investors about the quality of its upcoming line of new technology products, like the Playbook, in public statements to investors in 2010...
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Case Information

Case Title

Prefontaine v. Research In Motion Limited et al


Case Number

1:11-cv-04068

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Richard J. Sullivan

Date Filed

June 15, 2011

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