RIM under investigation for possible securities law violations

  • Posted: 23 May 2011 03:33 PM

    BGR is reporting:

    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.

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    Posted: 23 May 2011 04:22 PM #1

    rattyuk - 23 May 2011 06:33 PM

    BGR is reporting:

    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.

    Odd language. I never heard of a law firm holding an “investigation.” Implies they have authority. Sounds like saber rattling.

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