Defendant Name: Research in Motion Limited

Defendant Type: Public Company

Document Reference: court_doc7_09-cv-00301

Document Details

Legal Case Name SEC v. Research in Motion Limited, Dennis Kavelman, Arcangelo Loberto, James Balsillie and Mihal Lazaridis
Document Name Final Judgment
Document Date 25-Mar-2009
Document Format Civil Proceeding
Case Number 09-cv-00301
Federal District Court District of Columbia, District of Columbia
Federal District Judge Reggie B. Walton
Allegation Type Issuer Reporting and Disclosure
Document Summary On March 25, 2009, the Court issued a final judgment stating: "Defendants consented to the Court's jurisdiction over Defendants and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Disgorgement & Penalty Information

Resolutions
Enjoinment

Related Documents:

comp20902 17-Feb-2009 Complaint
Complaint
The SEC stated: "From 1998 through 2006, Research In Motion Limited ("RIM" or the "Company"), the maker of BlackBerry wireless devices, and four of its senior executives illegally granted undisclosed, in-the-money options to RIM executives and employees, by backdating approximately 1,400 stock option grants to coincide with historically low closing prices for the Company's stock. The executives failed to disclose that RIM was not recording material compensation expenses and was materially overstating its net income or understating its net losses. The illicit backdating provided the executives and other employees with millions of dollars in undisclosed compensation."
LR-20902 17-Feb-2009 Litigation Release
SEC Charges Research in Motion and Four of its Senior Executives With Stock Option Backdating
The SEC stated that: "[It] charged Ontario, Canada, BlackBerry maker Research in Motion Limited (RIM) and four of its senior executives with stock option backdating."
2009-27 17-Feb-2009 Press Release--Civil Action
SEC Charges Research in Motion and Four Senior Executives with Stock Option Backdating
The SEC stated that: "[It] charged BlackBerry maker Research in Motion Limited (RIM) and four of its senior executives for stock option backdating."

Related Actions:

In the Matter of Dennis Kavelman, C.A. and Arcangelo Loberto, C.A.
Dennis Kavelman
Arcangelo Loberto