RIM lawsuit unlikely to affect stock

The Star notes that the Ironworkers Ontario Pension Fund, which is unhappy with the way RIM is conducting an investigation into the company\'s historical option-granting policies, has asked the Ontario Superior Court for permission to take action against certain RIM directors. They want the court to approve a shareholder derivative action – which would involve RIM suing its directors on behalf of shareholders. The fund is also seeking $105m in damages. Ron Sanderson, an analyst with American Technology Research, said the filing itself wouldn\'t affect the stock, while other analysts have pointed to the fact that the BlackBerry maker\'s shares had been trading at normal levels since the motion was announced. Full report in The Star