A small Canadian activist fund is leading a group of
disgruntled shareholders in a campaign to break - up Research In Motion Limited (USA)(NASDAQ: RIMM).
Research In Motion Ltd. (TSX: RIM): Jim Balsillie and Mike Lazaridis stepped aside as co-chairmen and co-chief executives amid pressure from
disgruntled shareholders in January.
Not exact matches
On Tuesday, BlackBerry maker Research
in Motion Ltd. held its
shareholders meeting during which it asked
disgruntled investors for patience as it develops new devices to rival the iPhone and Android smartphones.
Coming
in the wake of a
disgruntled shareholder campaign (led by Gerry Killen), this wasn't much of a surprise — and it always seemed likely the architect of a (near) bankrupt business & investment strategy would end up being ousted anyway.
Disgruntled shareholders have now initiated several class actions against the board of VXGN over possible breaches of fiduciary duty
in the sale to OXGN.