U.S. Prosecutors investigate RIM, BlackBerry faithful nervously play with collar

View Comments

Whew, this is not the kind of news RIM stock-holders are looking to hear. According to Reuters, RIM is now the subject of an investigation by U.S. prosecutors about problems with their stock option grants. This investigation is in addition to the one being conducted by the U.S. Securities and Exchange Commission.

Apparently, RIM has been in contact with the office of the U.S. Attorney for the Southern District of New York after learning it was reviewing the company’s option grants and added that it “intends to co-operate” with any requests for information the U.S. attorney’s office may have.

Only time will tell whether this is a mere formality or something more dire for the house that BlackBerry built. We’ll keep you informed.

    blog comments powered by Disqus



    Bad Behavior has blocked 25476 access attempts in the last 7 days.