Securities Claims In Blackberry Stock-Drop Suit Survive Dismissal

Mealey's (March 20, 2018, 1:41 PM EDT) -- NEW YORK — Newly provided evidence that BlackBerry Ltd. and certain of its executive officers were in possession of adverse information that showed that returns of Blackberry’s Z10 smartphone were outpacing its sales are sufficient to withstand the defendants’ motion to dismiss in light of recent U.S. Supreme Court precedent, a federal judge in New York ruled March 19 in denying the motion (Marvin Pearlstein v. BlackBerry Ltd., et al., No. 13-7060, S.D. N.Y.)....