MINNEAPOLIS, March 8, 2007 (PRIME NEWSWIRE) -- Charles H. Johnson & Associates announces they are investigating the backdating of Research in Motion (Nasdaq:RIMM) stock options granted to company employees.
As reported in the Wall Street Journal, "On September 28, 2006, the Waterloo, Ontario maker of BlackBerry devices said that it has started a voluntary internal review of stock-option practices. The review identified errors that could reduce past earnings by as much as $45 million. On October 13, the Company said it has found another accounting error, requiring adjustment to prior results, relating to a "net settlement" feature in the Company's stock-option plan prior to February 2002. On October 27, the Company said that it is subject to an informal SEC inquiry."
If you are a current shareholder in Research in Motion, or have any questions concerning this notice or your rights with respect to this matter, please contact Neil Eisenbraun, Esq. at (651) 633-5685 (cjohnsonlaw@gmail.com).
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca