An investigation launched last month by a law firm into whether or not Research In Motion had violated securities laws resulted in the filing of a class action lawsuit late last month. After the lead plaintiff in the suit voluntarily withdrew her complaint on May 31st, however, it was unclear if the suit would be refiled. This week, Atlanta-based law firm Holzer Holzer & Fistel, LLC indeed refiled its class action suit with a new lead plaintiff, Gerald Chatlin. The news comes just before RIM is scheduled to report earnings on Thursday for the first quarter of its 2012 fiscal year. More →
Atlanta, Georgia based law firm Holzer Holzer & Fistel, LLC announced on Monday that it has launched an investigation into possible federal securities law violations made by cell phone maker Research In Motion. The firm claims that its investigation will focus on whether a series of statements made between December 2010 and April 2011 were intentionally false and misleading. The statements in question dealt with problems associated with RIM’s aging product line that were negatively impacting the company’s business, the firm said in a press release. In March of this year, Holzer Holzer & Fistel, LLC launched a similar investigation into Palm surrounding statements the company made before it was acquired by HP.