Saturday, April 27, 2024

Detwiler Fenton reportedly involved in criminal case over BlackBerry sales information

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Back in April of 2013, research firm Detwiler Fenton claimed that Z10 devices were being returned in unusually high numbers, which caused BlackBerry stock to drop nearly 8%. At the time, the claim sounded rather crazy because it essentially made it look as though returns were exceeding sales.

BlackBerry understandably took issue with the claims and stated they were absolutely false and sought a US and Canadian review of the claims through Securities and Exchange Commission and Ontario Securities Commission and now it appears as though they might be seeing some justice on the matter according to a new report from the Boston Business Journal.

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