BlackBerry Accused of Inflating Shares With False Claims
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BlackBerry Ltd. and two executives were sued by an investor who alleges they artificially inflated the company’s stock through false and misleading statements about the smartphone maker’s success and prospects.
Marvin Pearlstein, an investor, alleges in a proposed class action, or group suit, filed yesterday in federal court in Manhattan that BlackBerry Chief Executive Officer Thorsten Heins and Chief Financial Officer Brian Bidulka engaged in a scheme to deceive investors about the company’s health and prospects for the BlackBerry 10 product line of smartphones.