Canadian based Research In Motion have a new burden to worry about; Law firm Holzer Holzer & Fistel, LLC have announced that they have launched an investigation focusing on RIM’s potential federal securities law violations. The basis of their investigation centers around previous statements made by RIM between December 2010 and April 2011 that the firm claims are/were misleading and intentionally false. Essentially, Holzer Holzer & Fistel is accusing RIM of trying to cover up an aging product lineup with promises of much better things to come to avoid a drop in share value.
We’re not legal experts by any means so we can’t comment on just how “fair” or “right” such a statement and investigation is. Nonetheless, we are sure that RIM doesn’t need the added weight of a possible lawsuit on their hands in the midst of a massive re-invention of the brand.