TORONTO — Research In Motion Ltd. won a delay from Ontario securities regulators Monday, allowing it to continue trading on the Toronto stock market while insiders are held to a cease-trade order as the Blackberry maker continues to work on its second-quarter financial report and stock-option records.
An Ontario Securities Commission panel told representatives of the maker of the BlackBerry wireless devices they now have until March 5 to file all revised quarterly and fiscal-year financial statements.
If that deadline is missed, Waterloo, Ont.-based RIM will be back in front of the OSC to explain itself once again.
In a letter presented at the hearing, RIM said it continues to wade through about 150,000 more documents than it originally anticipated for its financial report...
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