BlackBerry loses bid to dismiss BlackBerry 10 lawsuit in NY, fall trial possible
The Hindu
While the BlackBerry 10 won positive reviews from critics, the public preferred Android-based smartphones and Apple Inc's iPhone, eventually leading to BlackBerry's 2016 decision to stop making phones.
A U.S. judge on Monday rejected BlackBerry Ltd's bid to dismiss a long-running lawsuit claiming it defrauded shareholders by inflating the success and profitability of its BlackBerry 10 smartphones, and said the class-action case could go to trial this fall.
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U.S. District Judge Colleen McMahon in Manhattan said "genuine issues of material fact" remained in dispute in the more than eight-year-old case, including over BlackBerry's accounting, and that "battle-of-the-experts" issues precluded her from ruling for one side or the other.
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