Microsoft Accused of Covering Up the Failure of Surface RT

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The law firm Robbins Geller Rudman & Dowd filed a class-action lawsuit against Microsoft, accusing the other of deliberately providing false information on sales of tablet PCs Surface RT.

According to the plaintiff, the financial statements for the Microsoft III fiscal quarter, which ended at the end of March 2013, was “essentially false and misled the Microsoft shareholders.”

According to the text charges Microsoft fixed the losses from unsold Surface RT, which was already completed in the Quarter ended in March 2013, but did not report them until the announcement of the Annual Financial Report in July 2013. Robbins Geller Rudman & Dowd Notes that this is not only a violation of generally accepted accounting principles that have guided Microsoft, but the rules and regulations of SEC.

The defendants in the suit are Chief Executive Officer Steve Ballmer, the former top CFO Peter Klein, head of finance Frenk Wade and Tami Reller, who has served as head of marketing and finance areas Microsoft Windows.

Microsoft accused of covering up the failure of Surface RT

Photo: EPA

Surface RT and Surface Pro of Microsoft provided a tiny fraction of the total revenue of the unit responsible for the development and promotion of Windows, which amounted to $ 19.2 billion for comparison, Apple in the last three quarters of the iPad has sold a total of almost $ 24 billion.

Source: Liga