Mealey's Banking & Finance - 2nd Circuit Affirms Dismissal Of Class Suit Against BlackBerry Maker

Mealey's Banking & Finance - 2nd Circuit Affirms Dismissal Of Class Suit Against BlackBerry Maker

NEW YORK - The Second Circuit U.S. Court of Appeals on June 19 affirmed the dismissal of a securities fraud class action against BlackBerry maker Research In Motion Ltd. (RIM), finding that the plaintiffs' allegations were not sufficient to plead scienter (Laura Prefontaine v. Research In Motion Ltd., et al., No. 13-1602, 2nd Cir.; 2014 U.S. App. LEXIS 11511).

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