"Everything is securities fraud" is a running gag at Money Stuff, which has for years now collected actual cases of shareholders suing companies for securities

"Everything is securities fraud" is a running gag at Money Stuff, which has for years now collected actual cases of shareholders suing companies for securities fraud for all sorts of increasingly wacky reasons. And yes, many of these claim with a straight face that it's "fraud" if a company knew about a risk (like getting hacked), didn't warn shareholders about it, and then they get hacked.