3 ms·
Oh, SpaceX already has that covered: thanks to the TX legislature, SpaceX shareholders cannot file shareholder lawsuits, you can only complain to the "Texas Bus
by Analemma_ 5mo ago
Oh, SpaceX already has that covered: thanks to the TX legislature, SpaceX shareholders cannot file shareholder lawsuits, you can only complain to the "Texas Business Court" or get binding arbitration [0].
[0]: https://www.bloomberg.com/opinion/newsletters/2026-05-21/spacex-investors-can-t-complain https://www.bloomberg.com/opinion/newsletters/2026-05-21/spa...
- michaelmrose 5mo agoThis is optimistic about binding arbitration providing protection from more traditional remedies
- d--b 5mo agoPeople can surely sue the index publishers for removing the safeguards, or the index funds to take more risks than they were mandated. When money is lost in the order of billions, someone is getting sued.
- edoceo 5mo agoWill take 6+ years and lots of fees lost to recover loss. Won't be anywhere close to made whole.
- chii 5mo ago> someone is getting sued. but that doesnt mean any money gets recovered at all. Musk sure as hell aint giving anything back. The fix is to simply not buy it - those 401k aren't completely passive, you can choose a different investment (instead of NASDAQ index).
- bell-cot 5mo ago> People can surely sue... Would either published indexes or investment funds exist, if suing them for poor performance was anything resembling that easy? I'm thinking "no".