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See every Matt Levine column ever -- Everything is Securities Fraud. That is the actual interpretation of 10b-5 by the SEC and by the activist investor class (n
by wcunning 3y ago
See every Matt Levine column ever -- Everything is Securities Fraud. That is the actual interpretation of 10b-5 by the SEC and by the activist investor class (not meant as a denigrating term, merely descriptive of investors actively taking interest in their portfolio companies to the point that they sue over deceptive claims). I expect the lawsuit to follow, but might take a few months to file.
- Phileosopher 3y agoI'm not so certain about that. In the world of securities, civil lawsuits are a profit-making scheme. I'm not an expert on it, so I'm wondering: as it stands, can an SEC court indicate that Amazon made a material change to their company value by walking their promise to be greener back?