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this post was submitted on 01 Aug 2024
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Why should shareholders get to sue anybody?
They invested and supported a company that caused this. They didn't do their due diligence and made bad investments based solely off what they were told they could financially GAIN.
This is not the ideal outcome of investing, and it is entirely their own fault.
I'd like to sue the shareholders for enabling such malfeasance. A class action suit with several billion cosigners. Fuck these leeches.
Because companies have a feduciary duty to their shareholders and this is how it's enforced.
Yes fiduciary duty to the shareholder is sometimes misunderstood but this is in scope.
Everything can be securities fraud:
https://archive.is/p2YHV
Or:
https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud
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