3 ms·
I'm skeptical of a shareholder lawsuit succeeding this way. If the SEC isn't joining in, any concealment by the CEO or board, even if totally unethical, isn't i
by cmurf 10y ago
I'm skeptical of a shareholder lawsuit succeeding this way. If the SEC isn't joining in, any concealment by the CEO or board, even if totally unethical, isn't illegal. If you're a shareholder and don't like how things are going it pretty much seems to me your narrow path is selling the stock and finding something more to your liking - in particular if you don't have enough shares to affect the make up of the board.
- jacquesm 10y agoThe lawsuit need not succeed for the company to settle to make this bad news go away, depending on how sensitive they are to bad news.
- adrianratnapala 10y ago> don't like how things are going it pretty much seems to me your narrow path is selling the stock I don't know the law or the precedents, but it seems concealing info might be an the exception that proves the rule here. The point being you need non-lying results if you are going to decide whether to sell the stock.are lying about results, you can't