3 ms·
Putting my Matt Levine hat on: was the invasion of Ukraine securities fraud?
by twic 5y ago
Putting my Matt Levine hat on: was the invasion of Ukraine securities fraud?
- gruez 5y agoIf Russia, Inc. was a thing? Yeah maybe? If you're talking about just yandex, it's not securities fraud unless the executives had something to do with the invasion.
- dralley 5y agoThe joke is that pretty much anything that causes the stock to go down can be used as the basis of a securities fraud lawsuit. It's a recurring theme in his daily column. https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...
- gruez 5y agoI read his column, and I get the reference, but your characterization is incorrect. The stock going up/down needs to be caused by the company and/or its executives. For instance, "global warming causing the company to perform poorly" alone isn't securities fraud, but "global warming causing the company to perform poorly, and a few years before executives told shareholders global warming isn't real" is securities fraud.
- dunkelheit 5y agoThey mentioned "geopolitical risks" in every prospectus they issued. So the answer is no - investors have been warned that this might happen!