March 13, 2015 - The court granted defendants motion to dismiss.
July 29, 2014 - Defendants filed a motion to dismiss.

June 2, 2014 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased BlackBerry Limited, formerly Research In Motion Ltd, (NASDAQ: BBRY) common shares between March 28, 2013 and September 20, 2013. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between March 28, 2013 and September 20, 2013.

March 25, 2014 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

December 3, 2013 - Lead plaintiff motions were filed.

October 4, 2013 - An investor in shares of BlackBerry Limited, formerly Research In Motion Ltd, (NASDAQ: BBRY) filed a lawsuit in the U.S. District Court for the Southern District of New York against BlackBerry Limited and certain officers over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between September 27, 2012 and September 20, 2013.

The plaintiff alleges on behalf of purchasers of BlackBerry Limited shares between September 27, 2012 and September 20, 2013, that the defendants inflated the stock price of BlackBerry Limited by painting a misleadingly picture of the business prospects of its BlackBerry 10 smartphone line.

The plaintiff says that the defendants mislead investors in September 2012 by saying that BlackBerry Limited was progressing on its financial and operational commitments, and that previews of its BlackBerry 10 platform were well received by developers.

However, on Friday, September 20, 2013, BlackBerry Limited announced its preliminary second quarter fiscal 2014 results. The plaintiff claims that In reality, the BlackBerry 10 was not well received by the market and BlackBerry Limited had to write down a nearly $1 billion charge related to unsold BlackBerry 10 devices and lay off approximately 4,500 employees.

Then on Monday, September 23, 2013, BlackBerry Limited announced that it has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence. BlackBerry Limited said that the letter of intent contemplates a transaction in which BlackBerry Limited shareholders would receive U.S. $9 in cash for each share of BlackBerry share they hold, in a transaction valued at approximately U.S. $4.7 billion.

However, shares of BlackBerry Limited (NASDAQ: BBRY) traded on September 20, 2013, at $10.488 per share, respectively $11.57 per share on September 9, 2013. Furthermore, BlackBerry Limited (NASDAQ: BBRY) shares traded in early 2013 as high as $17.90 and as recently as June 26, 2013 as high as $14.91 per share.