BlackBerry Litigation

"Class action lawsuit alleging that BlackBerry Limited (“BlackBerry” or the “Company”) and certain of its officers and directors violated the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 10b-5 promulgated thereunder, by making materially false and misleading statements and omissions concerning BlackBerry’s then-new BlackBerry 10 smartphones (“BB10s”), and the sufficiency of its accounting and public disclosures concerning the same, that maintained the price of BlackBerry’s stock or otherwise prevented it from falling over the course of the Class Period. Defendants (as defined below) deny Plaintiffs’ allegations. The Parties disagree on, among other things, whether Defendants violated any federal securities laws and whether the alleged violations actually caused any damages to the Class Members."