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I was thinking this opens them up to a shareholder suit for mismanagement, breach of duty, or possibly even fraud?
by LurkerAtTheGate 1y ago
I was thinking this opens them up to a shareholder suit for mismanagement, breach of duty, or possibly even fraud?
- nickff 1y agoMatt Levine often repeats the phrase ‘everything is securities fraud’. Any statement which turns out (with hindsight) to be false is grounds for a shareholder class-action lawsuit. Even many correct statements are grounds for shareholder class actions. The problem is that the only people who actually profit from shareholder class actions are the lawyers.