Blackberry investors are filing a law suit against Blackberry CEO (Thorsten Heins) and CFO (Brian Bidulka) for misleading the investors that the Blackberry Z10 has a good prospect. The investors also blamed Ontario-based smartphone maker for not warning the investors that Blackberry is not on the recovery road. Blackberry CEO and CFO knew the Blackberry Z10 was probably going to be a fail yet they still told the investors that it’s going to be the best thing in the world. Blackberry CEO and CFO shouldn’t exaggerate how it’s the best thing in the world. Blackberry obviously doesn’t have business ethnics at all.

However, in my opinion, it’s not just Blackberry’s fault! Investors must accept their loss and move on because serious investors should have done their own research. Two years ago, Blackberry faced a law suit on its financial condition and the prospects of the PlayBook tablet. The U.S. judge threw out the law suit so why do the investors think this law suit with the failed launch of Blackberry Z10 will succeed? Investors shouldn’t just rely on what the CEO and CFO say and invest then when it’s a fail launch, expect the law suit to get their money back to them.

See the article here:
http://ca.finance.yahoo.com/news/blackberry-faces-class-action-suit-us-052308162.html