Research In Motion RIM Investors & Shareholders File Securities Fraud Class Action Lawsuit Against Research In Motion.
A class action lawsuit has been filed against Research In Motion Limited (“Research In Motion” or “RIM”) and certain Research In Motion officers and directors (“Defendants”) in the United States District Court for the Southern District of New York (styled Gerald Chatlin v. Research In Motion Limited et al.), alleging, among other things, that Research In Motion RIM, purportedly in violation of the Securities and Exchange Act of 1934, issued false and misleading statements and failed to inform investors that its allegedly aging product line and alleged inability to introduce new products to the smartphone market was negatively impacting Research In Motion’s RIM’s business and margins, according to the Research In Motion RIM securities fraud class action lawsuit complaint.
The Research In Motion RIM securities fraud class action lawsuit complaint is reportedly brought on behalf of a putative class consisting of the following persons:
All persons who purchased or otherwise acquired the common stock of Research In Motion Limited RIM between December 16, 2010 and April 28, 2011.
If You Have Thoughts On The Research In Motion RIM Securities Fraud Class Action Lawsuit, Share Your Class Action Comments Below.