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Or as Matt Levine would have it: everything is securities fraud. I'm finding it interesting that the plaintiff is an institutional investor, the Plymouth Coun
by dredmorbius 2y ago
Or as Matt Levine would have it: everything is securities fraud.
I'm finding it interesting that the plaintiff is an institutional investor, the Plymouth County Retirement Association, based in Massachusetts:
<https://www.pcr-ma.org/general/page/history-plymouth-county-retirement-association https://www.pcr-ma.org/general/page/history-plymouth-county-...>
- seanhunter 2y agoBig pension funds have a lot of economic clout. THey are amoung the largest institutional investors.
- dredmorbius 2y agoQuite. Clarifying my previous comment: an institutional rather than an activist or fund. Institutional strike me as the most sober-minded of the lot, the other two categories might be more expected. That it is an institutional is IMO significant and speaks to the case's substantiality.
- seanhunter 2y agoYes 100% agree. They're generally going to be more cautious and less likely to pull the trigger on a frivolous suit hoping for a settlement.