BlackBerry (
BBRY) is very unhappy with Detwiler Fenton analyst Jeff Johnston. The company is accusing Johnston of making false claims about
BlackBerry Z10 return rates in the U.S. and it plans to ask regulators in both the United States and Canada to launch a formal investigation into the matter.
Johnston on Thursday claimed that “key retail partners have seen a significant increase in Z10 returns to the point where, in several cases, returns are now exceeding sales, a phenomenon we have never seen before.” BlackBerry Chief Legal Officer Steve Zipperstein says that these claims are “
materially false and misleading” and says that they were “deliberately purveyed for the purpose of influencing the markets.” BlackBerry’s full press release is posted below.
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