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Several shareholders sue Microsoft because the company got too late informs the public about the poor sales of his surface RT tablets.
A US law firm in Massachusetts today filed a class action lawsuit against Microsoft in a District Court. Several shareholders have joined forces and claim damages from the Redmond company now. The reason: Microsoft got too late informs the public about the poor sales of his Tablet pc models surface RT.
As the law firm Robbins Geller Rudman & Dowd explain in an official statement the company have offend against the Securities Exchange Act. The law was enacted in 1934 and offers a basis for securities trading in the United States. According to the statement of claim, Microsoft have published "false and misleading" information in April. In the annual report for the third quarter, Microsoft presented a record result with a sales increase by 18 percent to $ 20,489 billion.
RT sales are probably well below plan surface
While there were no official results to the surface RT sales at this time, had Microsoft's according to shareholders already the poor sales of Tablet PCs online store indicate need to. On July 18th Microsoft was a write-down of $ 900 million, due to the poor performance of surface-RT what pulled the stock down. The class-action lawsuit will now compensate investors who bought their Microsoft shares between April 18 and July 18, 2013.
