ATTENTION ALL CLASS MEMBERS: The Distribution Plan was approved per the Court's Order dated March 2, 2023.The initial distribution commenced on March 30, 2023 and payments have been made to all authorized Claimants.
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.
On September 29, 2022, the Court held a hearing on the Settlement and related matters. Following the hearing, the Court entered an Order, granting approval of the Settlement.
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.