Legal Expert: There's A Better Than 50-50 Chance RIM Shareholders Will Sue The Company

Richard McLaren, a law professor at the University of Ontario, told Bloomberg West that there is a better than 50-50 chance RIM’s shareholders will get together to sue the company for not disclosing material changes in the company.

“Given the history here, given the fact that there is already one [lawsuit] on a different matter, I would say certainly better than 5 out of 10,” McLaren said, when asked about the chances of a shareholder lawsuit. “There is a fine line between talking up the company and misrepresenting what’s going on, or not disclosing something which is a material change.

If RIM’s leadership continued to talk up the company while being aware of the delays in releasing the BlackBerry 10 operating and the worse-than-expected financial results, McLaren thinks that would cross the line and potentially be grounds for a suit.

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