Class-action lawsuit filed over Microsoft RT Surface sales
REDMOND — Microsoft has been slapped with another class-action lawsuit over its Surface tablet, according to the Seattle Times. The lawsuit claims the company misled shareholders about how well the Surface RT was selling.
In addition to the company itself, the suit names CEO Steve Ballmer, and former CFO Peter Klein, among others. The Times reports shareholders claim they violated federal securities laws by issuing false and misleading statements.
The lawsuit alleges that Microsoft was holding a huge inventory of unsold tablets by the end of the March 31 quarter but kept that fact from investors.
The Times says Microsoft has never said how many Surface tablets it has sold. Microsoft has not commented on the suit.