BlackBerry Stocks Surge After Court Rejects Claims by Former Executive

BlackBerry Limited's shares rose by 9.4% on Monday following a federal judge in California's decision to dismiss the claims of former marketing director Neelam Sandhu. The judge ruled that Sandhu failed to provide sufficient evidence to support her allegations of a hostile work environment and unequal pay for similar work compared to her male colleagues. U.S. Judge Sallie Kim concluded in her ruling on Thursday that the arguments presented by Sandhu did not reveal enough facts to substantiate her claims against the smart security software solutions company. This legal development appears to have bolstered investor confidence, as reflected in the stock's remarkable rise earlier in the week. The increase in the stock value comes as a positive sign for BlackBerry, which is shifting its focus from being a smartphone provider to cybersecurity and software.