Blackberry wants to settle eight year old lawsuit

Stefan Mileschin · 8th April 2022, 06:47

It could get messy

BlackBerry wants to settle a more than eight-year-old lawsuit claiming it defrauded shareholders by inflating the success and profitability of its long-discontinued BlackBerry 10 smartphones.

US District Judge Colleen McMahon in Manhattan federal court granted a Wednesday request by lawyers for BlackBerry and the shareholders to adjourn their planned trial so they could negotiate a preliminary settlement in the class action.

Jury selection had been scheduled to begin on Thursday. Any settlement would require the judge's approval.

While the BlackBerry 10 won positive reviews from critics, it had been out evolved by Android-based smartphones.

https://fudzilla.com/news/mobile/546...ar-old-lawsuit

8th April 2022, 06:47	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	Blackberry wants to settle eight year old lawsuit It could get messy BlackBerry wants to settle a more than eight-year-old lawsuit claiming it defrauded shareholders by inflating the success and profitability of its long-discontinued BlackBerry 10 smartphones. US District Judge Colleen McMahon in Manhattan federal court granted a Wednesday request by lawyers for BlackBerry and the shareholders to adjourn their planned trial so they could negotiate a preliminary settlement in the class action. Jury selection had been scheduled to begin on Thursday. Any settlement would require the judge's approval. While the BlackBerry 10 won positive reviews from critics, it had been out evolved by Android-based smartphones. https://fudzilla.com/news/mobile/546...ar-old-lawsuit

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