manhattan, new york--(Newsfile Corp. - April 10, 2021) - Pomerantz LLP is investigating claims on behalf of buyers of BlackBerry confined ("BlackBerry" or the "company") (NYSE: BB). Such traders are suggested to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation issues even if BlackBerry and sure of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On March 30, 2021, BlackBerry suggested fourth-quarter 2020 losses of $315 million, or $0.fifty six per share, on profits of $210 million, down from $282 million in the same period last yr. The enterprise attributed a part of its earnings shortfall to negotiations to limited patent-licensing, explaining that the company became in negotiations with an unnamed "North American celebration for the sale of a element of the enterprise's portfolio, essentially involving cellular-contraptions messaging and instant networking."
On this information, BlackBerry's inventory price fell $0.ninety one per share, or 9.74%, to shut at $eight.43 per share on March 31, 2021.
The Pomerantz enterprise, with workplaces in manhattan, Chicago, los angeles, and Paris is recounted as one of the crucial premier organisations in the areas of company, securities, and antitrust type litigation. founded through the late Abraham L. Pomerantz, frequent because the dean of the class action bar, the Pomerantz firm pioneered the box of securities class movements. today, more than 80 years later, the Pomerantz firm continues in the way of life he centered, fighting for the rights of the victims of securities fraud, breaches of fiduciary responsibility, and company misconduct. The company has recovered a large number of multimillion-greenback damages awards on behalf of class individuals. See www.pomerantzlaw.com.
CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980
To view the source version of this press release, please discuss with https://www.newsfilecorp.com/release/80072
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