“The law firm Robbins Geller Rudman & Dowd has filed a class-action suit against Microsoft over what it claims was misleading information on the company’s Surface RT sales,” Mary Jo Foley reports for ZDNet.
“Neowin.net posted about the suit on August 13, noting that it names as defendants Microsoft CEO Steve Ballmer, former Chief Financial Officer Peter Klein, Corporate Vice President Frank Brod and Executive Vice President of Marketing Tami Reller,” Foley reports. “The case was filed in United States District Court for the District of Massachusetts on behalf of purchasers of Microsoft stock between April 18, 2013 and July 18, 2013.”
Foley reports, “The firm is claiming that Microsoft “issued materially false and misleading statements regarding the Company’s financial performance and its tablet computer, the Surface RT.” It is claiming that the company’s financial statements for the quarter ending March 31, 2-13 were ‘materially false and misleading’ and that Microsoft officials made misleading positive statements about the Surface RT during the ‘class period.'”
Read more in the full article here.
MacDailyNews Take: Roast ’em and toast em, bloodsucking sharks!
[Thanks to MacDailyNews Readers “Fred Mertz” and “Edward W.” for the heads up.]
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