Microsoft faces lawsuit as it preps for Windows 8.1 release
Even as it prepares a critical update to its Windows 8 platform, Microsoft has become the target of a lawsuit alleging that the software giant misled investors regarding both Windows RT and the Surface RT device it released last year.
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The lawsuit [PDF via TechCrunch] is a class action complaint filed in the United States District Court for the District of Massachusetts. The complaint alleges that Microsoft violated the federal securities laws with the way that it handled informing investors of the progress of the Surface RT tablet it released late last year.
The filing claims that Microsoft “led the market to believe that [its] launch of the Surface RT had been executed in a measured and conservative fashion so that it could observe and understand its progress and outcome.” Instead, though, the suit calls the Surface RT launch “an unmitigated disaster, which left it with a large accumulation of excess, over-valued Surface RT inventory.”
To read the rest of the AppleInsider.com article, click here.
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