Pearlstein et al. v. BlackBerry Ltd. et al.
BlackBerry US Securities Litigation
Case No. 1:13-cv-07060-CM-KHP

Welcome to the BlackBerry US Securities Litigation Website

 

ATTENTION ALL CLASS MEMBERS: Please be advised that on June 14, 2022, the Court granted preliminary approval of the Class Action Settlement. This website has been updated with information related to the settlement.

 

Summary of the Action and Settlement

 

The information contained on this website is only a summary of the information presented in more detail in the Notice of Proposed Settlement, Motion for Attorneys' Fees and Settlement Hearing. Because this website is just a summary, you should review the Notice for additional details.

The federal court has certified a Class consisting of:

All persons who purchased or otherwise acquired the common stock of BlackBerry Limited on the NASDAQ (ticker symbol “BBRY”) between March 28, 2013 and September 20, 2013 (the “Class Period”), and were damaged thereby, excluding any Person who purchased BlackBerry common stock from March 28, 2013 through April 10, 2013 and who sold all of their position prior to April 11, 2013.

The Class excludes Defendants, officers, and directors of Defendants, members of their immediate families and their legal representative, heirs, successors, or assigns, and any entity in which Defendants have or had a controlling interest.

The Settlement will provide a $165,000,000 cash Settlement Fund for the benefit of Class Members who purchased or otherwise acquired BlackBerry common stock between March 28, 2013, and September 20, 2013, inclusive. The average recovery per damaged share of BlackBerry common stock under the Settlement is $0.38 before deduction of fees and expenses. Your recovery from the Settlement Fund, however, will depend on a number of variables, including the number of shares of BlackBerry common stock you purchased during the Class Period, the timing of your purchases and any sales, and the number and amount of claims actually filed.

The Notice is directed to members of the Class. If you are a member of the Class, your legal rights will be affected whether you act or do not act. If you do not meet the Class definition, the Notice does not apply to you. If you are uncertain whether you are a member of the Class, please contact Class Counsel, or your own attorney.

 

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A CLAIM FORM BY SEPTEMBER 7, 2022

The only way to get a payment in this Settlement.

EXCLUDE YOURSELF FROM THE SETTLEMENT BY SUBMITTING AN OPT-OUT FORM BY SEPTEMBER 7, 2022

Get no payment pursuant to this Settlement. This is the only option that allows you to be a part of any other lawsuit against the Defendants and their affiliates involving the claims released by this Settlement. Please note that if you exclude yourself from the Class and decide to pursue your own action individually, you may not be able to pursue certain claims due to the lapsing of certain applicable statutes of repose.

OBJECT BY SEPTEMBER 7, 2022

Write a letter to the Court objecting to the Settlement. You must still file a claim if you want to receive payment from the Settlement.

GO TO A HEARING ON SEPTEMBER 29, 2022

Ask to speak in Court about the Settlement.

DO NOTHING

Get no payment from this Settlement. You will also be giving up your rights regarding all claims released by this Settlement and any other lawsuit as to the common stock.

 

How do I obtain more information?

Detailed information about the Lawsuit is contained in the Notice available for download on the Important Documents page on this website. Additional information can also be obtained by contacting the Notice Administrator by calling toll-free 1-888-691-2864 or emailing Info@BlackberryUSSecuritiesLitigation.com or mailing a letter to:

BlackBerry US Securities Litigation
c/o JND Legal Administration
P.O. Box 91399
Seattle, WA 98111

 

Inquiries should NOT be directed to the Court or the Clerk of the Court.

 

For More Information

Visit this website often to get the most up-to-date information.

Mail
BlackBerry US Securities Litigation
c/o JND Legal Administration
P.O. Box 91399
Seattle, WA 98111