SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

October 29, 2013 18:32 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against Blackberry Limited and Its Board of Directors and a Deadline of December 3, 2013 to Seek a Lead Plaintiff Position -- BBRY

NEW YORK, NY--(Marketwired - Oct 29, 2013) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Blackberry Limited ("Blackberry" or the "Company") (NASDAQ: BBRY) common stock between September 27, 2012 and September 20, 2013.

For more information, click here: http://zlk.9nl.com/blackberry-limited-bbry.

The complaint alleges that the Company made materially false and misleading statements and/or failed to disclose material information regarding the Company's business and operations. In particular, it is alleged that Blackberry failed to disclose that, contrary to Company statements that the Blackberry 10 line of smart phones financially strengthened Blackberry and positioned the Company on the road to recovery, in fact the Company's business, operations and financial situation was worsened by the BlackBerry 10 platform.

On September 20, 2013, BlackBerry announced it incurred a substantial charge due to unsold BlackBerry 10 devices, and that the Company was forced to lay off approximately 40% of its workforce. Upon this news, shares of BlackBerry fell from a close of $10.52 per share on September 19, to a close of $8.73 per share the following day.

If you suffered a loss in Blackberry you have until December 3, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/blackberry-limited-bbry.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com