June 19, 2017 - The U.S. Court of Appeals for the Ninth Circuit affirmed the judgement of the district court.
February 17, 2015 - The lead plaintiff filed a notice of appeal.

January 20, 2015 - The court closed the case.

December 12, 2014 - The court granted defendants' motion to dismiss with leave to amend.

March 10, 2014 - Defendants filed a motion to dismiss.

January 24, 2014 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased Microsoft Corporation (NASDAQ: MSFT) common shares between January 24, 2013 and July 18, 2013. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 24, 2013 and July 18, 2013.

November 13, 2013 - Additional case files were transferred in from the U.S. District Court for the District of Massachusetts.

November 8, 2013 - Case files were transferred to the U.S. District Court for the Western District of Washington.

November 7, 2013 - The court ordered the transfer of this case to the U.S. District Court for the Western District of Washington.

November 7, 2013 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

October 11, 2013 - Lead plaintiff motions were filed.

August 12, 2013 - An investor in shares of Microsoft Corporation (NASDAQ: MSFT) filed a lawsuit in the U.S. District Court for the District of Massachusetts against Microsoft Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 18, 2013 and July 18, 2013 regarding its tablet computer, the Surface RT.

According to the complaint the plaintiff alleges on behalf of purchasers of Microsoft Corporation (NASDAQ: MSFT) common stock during the period between April 18, 2013 and July 18, 2013, that Microsoft Corporation and certain of its officers violated the Securities Exchange Act of 1934.

Shares of Microsoft Corporation (NASDAQ: MSFT) grew from $23.705 per share in June 2011 to as high as $36.27 per share on July 16, 2013.

Then on July 18, 2013, Microsoft Corporation (NASDAQ: MSFT) reported its fourth quarter and full year results. Among other things, Microsoft Corporation also said that the financial results include a $900 million charge, or a $0.07 per share impact, related to Surface RT inventory adjustments.

Microsoft Corporation’s Total Revenue rose from over $73.72 billion for the 12 months period that ended on June 30, 2012 to over $77.84 billion for the 12 months period that ended on June 30, 2013 and that its respective Net Income increased from over $16.97 billion to over $21.86 billion.

The plaintiff alleges that defendants misrepresented and failed to make public that Microsoft Corporation’s Surface RT product was experiencing poor customer demand and lackluster sales, that Microsoft Corporation’s Surface RT inventory experienced a material decline in value during the quarter ended March 31, 2013, that Microsoft Corporation’s financial statements for the quarter ended March 31, 2013 were materially false and misleading and violated Generally Accepted Accounting Principles and Microsoft Corporation’s publicly disclosed policy of accounting for inventories, that Microsoft Corporation’s Form 10-Q for its third quarter of 2013 failed to disclose then presently known trends, events or uncertainties associated with the Surface RT product that were reasonably likely to have a material effect on Microsoft Corporation’s future operating results, and that based on the foregoing, defendants lacked a reasonable basis for their positive statements about Microsoft Corporation’s Surface RT product between April 18, 2013 and July 18, 2013.

Plaintiffs seek to recover damages on behalf of all purchasers of Microsoft Corporation (NASDAQ: MSFT) common stock between April 18, 2013 and July 18, 2013.