Microsoft sued on behalf of shareholders over Surface RT

Paul Thurrott:

A proposed class action lawsuit has been filed against Microsoft on behalf of its shareholders, alleging that the firm lied about the financial performance of its Surface RT tablet. The surprise revelation that sales were much less than expected came months later than required by law, the suit says, and immediately “eviscerated” $34 billion of Microsoft’s market value, materially impacting shareholders.

The suit names Microsoft as well as Steve Ballmer, Peter Klein, Frank Brod and Tami Reller as defendants.

The news for Microsoft and the Surface RT just keeps getting worse.