Microsoft is facing a class action lawsuit over dismal Surface tablet sales and what investors are seeing as misleading information from the company about those figures. According to the lawsuit, Microsoft intentionally made misleading statements about Surface sales, and ultimately that hurt investors.
A new lawsuit claims Microsoft misled investors with false Surface tablet sales figures
After reporting only US$853 million in sales during the first three quarters the Surface was available, Microsoft took a $900 million loss on the product line. Those numbers aren't making investors happy, and aren't making a dent in Apple's iPad sales.
The lawsuit was filed by Robbins Geller Rudman & Dowd on behalf of Microsoft's investors, according to ZDNet, and apparently the law firm is now on the hunt for a lead plaintiff. In other words, the class action lawsuit was filed without any Microsoft shareholders attached to it.
Microsoft had hoped it could use its Surface tablet to kick start new interest in Windows-based tablets. So far, however, it seems the place where the Surface is gaining the most interest is in the court room.