Class Action Lawsuit Against Microsoft Corporation By Robbins Geller Rudman


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Boyejo

 Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit against Microsoft Corp today 12th August, 2013 in a Violation of The Securities Exchange Act 1934 on the bases that Microsoft posted a false and misleading report on financial and sales performance of surface tablets. This Class Action Lawsuit is on Behalf of shares purchased between 18th April 2013 and 18 July 2013. It was claimed that after Microsoft posted a $900 million write down on surface that Microsoft's share price went down 11.4% or$4.04 . 

 From my own perspective ,Microsoft's share price from 18th April 2013 to 12th August was up over 14%. I'm not sure how valid the suit is in regard to the share price or how much damage it resulted in .

post-503017-0-74373900-1376345875.jpg

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Growled

 I'm not sure how valid the suit is in regard to the share price or how much damage it resulted in .

 

Me either. I guess we'll see.

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Dot Matrix

Hahahahahahaha. Wut. Since when did Microsoft mislead on sales? They never said anything until recently.

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goretsky

Hello,

 

I do not think you can sue a company for trying to be innovative.  Should be interesting to see how this turns out.

 

Regards,

 

Aryeh Goretsky

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chrisj1968

Hello,

 

I do not think you can sue a company for trying to be innovative.  Should be interesting to see how this turns out.

 

Regards,

 

Aryeh Goretsky

If you are an investor looking for dividends, and MS lies, you do have a case. it has nothing to do about being innovative. it has to do with the bottomline

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Raa

I think the lawsuit can only win if there is evidence Microsoft either knew the sales were bad and mislead investors (not likely as they didn't release sales figures), or if there was insider information being leaked, which there's been no suggestion of.

 

Can't see this one getting out of the gate.

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sanctified

I think the lawsuit can only win if there is evidence Microsoft either knew the sales were bad and mislead investors (not likely as they didn't release sales figures), or if there was insider information being leaked, which there's been no suggestion of.

 

Can't see this one getting out of the gate.

 

You dont know how corporations operate in regard of investors.

 

There are periodic meetings where companies share this kind of information to the most important investors. It is impossible that MS never knew about how the Surface was performing, they are even legally obligated to keep track of this.

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goretsky

Hello,

 

Uhm... yes, shareholder fraud is shareholder fraud, but RGRP is going to have to prove beyond a reasonable doubt that there was some sort of intent to engage in fraudulent activity on Microsoft's part.  Aside from getting a free fishing license to go through Microsoft's confidential Surface-related emails and documents during the discovery process I don't see RGRP getting much out of this.

 

Regards,

 

Aryeh Goretsky

 

If you are an investor looking for dividends, and MS lies, you do have a case. it has nothing to do about being innovative. it has to do with the bottomline

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MDboyz

So I guess BBRY investors can sue BBRY for reporting high sale of Z10 ... then the stock dropped 25% later right :) ...

 

It's the stock market.  It is sensitive to everything.  Deal with it if you decide to buy stocks.

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Torolol

i always treat non-disclosed number of sales as BAD quantity sales, and i always right.

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Raa

You dont know how corporations operate in regard of investors.

 

I will openly admit I do not.

 

But I can't see why Microsoft wouldn't have covered their butts in this regard...

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