Microsoft Corporation (NASDAQ:MSFT) Sued For Misleading Investors


Dallas, Texas 08/15/2013 (Financialstrend) – The  Microsoft Corporation (NASDAQ:MSFT) has been targeted by a class action lawsuit that has been filed by the firm Robins Geller Rudman and Dowd. The firm confirmed the reports of suing Microsoft in a press release via BusinessWire.

According to reports, the list of the accused includes Microsoft itself, Chief Executive officer Steve Ballmer, Ex Chief Financial Officer Peter Klien, Executive marketing VP Tami Reller and Corporate VP Frank Brod .These have been poached of mishandling their customers.

The complaint stated that the Microsoft Corporation (NASDAQ:MSFT) by purpose went about spreading misleading information in regard to sales of its Surface RT tablets. The complaint was filed in Massachusetts on behalf of the shareholders of Microsoft Corporation who owned the stock between April 18 to July 18.

It is interesting to note that the firm that has sued Microsoft has pending suits against 10 other companies too.

In the month of June, Microsoft witnessed a $900 million write down for the Surface RT tablets and after the announcement, Microsoft’s share declined to a four year low.

Windows 8.1 In October

The Microsoft Corporation will supposedly launch the much awaited Windows 8.1 in the month of October. Windows 8.1 will be launched on 18th of October to be précised.

This update will be free of cost for the users of Windows 8, which will be available through the Windows 8 store. The update will be available on the store form 7 A.M. on the 17th, while the boxed copies, hardware and full retail release will be available starting from the 18th of October.

The company, to attract more consumers & compete with its major rivals such as Apple and Android, has enhanced their operating system with a variety of applications of business, entertainment and lifestyle. The windows messenger has been replaced with Skype and features like a start button, enhanced multitasking and tweaked UI for tablets have been incorporated in the Windows 8.1.