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If this were a class-action lawsuit by people who were shorting Tesla stock, or owned some option on it, I would agree that it would be serve the purposes of cl
by nickff 7y ago
If this were a class-action lawsuit by people who were shorting Tesla stock, or owned some option on it, I would agree that it would be serve the purposes of class-action lawsuits (aside from lawyer-enrichment). But it isn't.
- projektfu 7y agoUnfortunately for your position, it’s considered to harm all investors when a key executive mouths off like this.
- nickff 7y agoI definitely agree that key executives mouthing off does harm the shareholders; the problem is that these shareholder class-actions against companies do not provide a real remedy to the harmed shareholders. I also agree that courts are allowing these lawsuits to proceed despite hearing objections like mine.