BlackBerry Limited

Practice Area: 
Stock Symbol: 
BB
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating possible securities fraud claims against BlackBerry Limited (NYSE: BB) resulting from inaccurate statements Blackberry made regarding its business practices, financial statements and prospects.

The investigation focuses on whether Blackberry issued false and misleading statements regarding its financial statements, business practices and prospects.  Specifically, on September 24, 2019, Blackberry reported a net loss for the quarter and lower than expected revenues using non-GAAP numbers, without identifying them as such. SEC rules require that GAAP numbers be presented with equal, or greater, prominence to non-GAAP figures.