Bank of America Gets the Most Complaints and 2 Hot Stocks to Watch

BlackBerry (NASDAQ:BBRY): A U.S. shareholder lawsuit that accused the company of seeking to fraudulently obscure its falling market position was dismissed, Reuters reports. U.S. District Judge Richard Sullivan in Manhattan granted the company’s motion to dismiss the proposed class action lawsuit, as he believes that the plaintiffs did not adequately allege that the company or various executives made deliberate and material misstatements. According to Sullivan, BlackBerry clearly failed to keep pace with its rivals in developing smartphones and information technology, and he adds that the defendants “have paid a price for their mistakes by way of demotions, terminations and sizable financial setbacks.”

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