Because failing to present material information accurately to current and prospective shareholders is securities fraud. That’s the allegation—not that they did

Because failing to present material information accurately to current and prospective shareholders is securities fraud. That’s the allegation—not that they did something stupid, but that they misrepresented their risk exposure. I’m of the opinion that they should pay for that. Who better to receive the proceeds than those who lost money investing based on flawed disclosures?