Blackberry maker may see rise in investor lawsuits

Business owners that may be faltering in releasing a new product or overwhelmed by other issues should be aware that investor lawsuits are not uncommon. Any company managers or CEOs that find themselves in the middle of a shareholder's lawsuit may need to speak to a business law attorney in Phoenix.

Thorsten Heins, chief executive of Research in Motion (RIM), has seen his stock fall by 95 percent in the last four years, according to The New York Times. The blackberry manufacturer posted a $518 million quarterly loss last month.

More importantly, RIM announced that it is once again delaying the launch of a new line of phones. Security law experts, and even some investors, claim that the delay in Blackberry 10 and Heins' optimistic statements regarding the company's business dealings may open the firm up to shareholders' lawsuits.

"They’re going to get sued and they should get sued because I think a closer look at the record is likely to unearth knowing and willful misrepresentation," Jean-Louis Gassée, the former president of Apple’s products division and the founder of the software provider Be, told the news source. "When the CEO says there’s nothing wrong with the company as it is, it’s not cautious. It doesn’t make sense."

Heins could certainly get into trouble with some of his comments, such as his discussion with the Canadian Broadcasting Corporation during which he stated, "There’s nothing wrong with the company" and denied all of the investors' fears that the company is spiraling downward.

Any other business owners that wish to avoid investor lawsuits may want to be careful with some of their wordage. For those in Arizona, discussing business issues with Phoenix business law attorneys could prove beneficial.

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