Blackberry 2012 Annual Report Download - page 232
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Between May and August 2011, several purported class action lawsuits were filed against the Company and certain of its present or
former officers in the U.S. District Court for the Southern District of New York, two of which have been voluntarily dismissed. On
January 6, 2012, Judge Richard S. Sullivan consolidated the remaining three actions and appointed both lead plaintiff and counsel. On
April 5, 2012, plaintiff filed the Consolidated Amended Class Action Complaint, alleging that during the period from December 16,
2010 through June 16, 2011, the Company and certain of its officers made materially false and misleading statements regarding the
Company’s financial condition and business prospects, and seek unspecified damages. The Company believes that the allegations are
without merit and intends to vigorously defend itself.
As of October 2011, several purported class action lawsuits were filed against the Company in various jurisdictions alleging that
subscribers to BlackBerry services had suffered losses relating to the Q3 Service Interruption. The Company believes that a class
action proceeding in these circumstances is without merit and intends to vigorously defend itself.
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