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Wouldn't anyone who held shares during that time have standing for the lawsuit, regardless of when they bought them?
by titanomachy 6y ago
Wouldn't anyone who held shares during that time have standing for the lawsuit, regardless of when they bought them?
- greenshackle2 6y agoPossibly? I would have thought if the problem is artificially inflated price, shareholders who didn't buy or sell during the period are not affected, but to be honest I don't know how these suits work in details. Just picking at random off Google, I looked at the Pinterest suit, and it's a big shareholder suing Pinterest Inc... on behalf of Pinterest Inc. So yeah you might be right. Sounds very odd. https://www.scribd.com/document/486543528/Pinterest-Shareholder-Lawsuit https://www.scribd.com/document/486543528/Pinterest-Sharehol...