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The shareholders that were supposedly wronged didn't get anything from the SEC action. It's comparable to criminal and civil law existing side-by-side: if you
by KarlKemp 7y ago
The shareholders that were supposedly wronged didn't get anything from the SEC action.
It's comparable to criminal and civil law existing side-by-side: if you run a red light and someone gets hurt, you'll be fined for the traffic violation. But the victim is also going to sue you for medical expenses, work income missed, and compensation for any suffering.
Of course any compensation here is going to be paid by Tesla to shareholders of Tesla, who own the company anyway. It might make a difference for individuals based on when they are/were shareholders and when not. But absent such effects, it's a really strange system.
I wonder if Elon Musk will join the lawsuit. He's the single largest victim here, after all. That would be fun.