December 21, 2022
From a billion-dollar deal in Delaware to a hard-fought battle over a bribery scandal involving Ohio's legislature, securities litigators secured big settlements this year that sprang from both class actions and derivative suits, with a high number of resolutions occurring in Delaware Chancery Court.
September 29, 2022
A New York federal judge granted final approval to a $165 million settlement between smartphone maker BlackBerry Ltd. and investors and approved a request for $55 million in attorney fees, ending a long-running suit claiming the company hid poor sales numbers for its Z10 smartphone.
June 14, 2022
Smartphone maker Blackberry Ltd. has agreed to pay $165 million to end investors' claims that it hid poor sales numbers for its Z10 smartphone.
August 14, 2018
BlackBerry Ltd. has asked a New York federal judge not to certify a proposed class of investors alleging the company inflated its stock by hiding the poor performance of its Z10 smartphone, arguing that even the investors' experts cannot confirm that any of the company's alleged misstatements affected its share price.
March 19, 2018
Three years after their initial claims were tossed, a putative class of investors accusing BlackBerry Ltd. of inflating the value of its stock by hiding poor performance of its Z10 smartphone saw their suit revived after a New York federal judge halted a dismissal attempt of their newly amended complaint, finding Monday that important information had emerged.
March 16, 2015
A New York federal judge on Friday threw out an investor class action lawsuit claiming BlackBerry Ltd. and two former executives tried to hide the poor performance of the mobile technology company's Z10 smartphone, finding plaintiffs didn't sufficiently allege material omissions of fact or an intent to deceive.