Some law firm is suing Veritas CEO and CFO for ‘misguiding’ investors with earnings numbers that they were not able to meet.
Can you believe it? I would have made a ton on those dot com stocks with such lawsuits.
It is ‘guidance’, people. No one has seen the future. No one knows if a deal worth $10 million is going to come through before the end of the quarter or not. Such lawsuits may be a bad precedent.
One thought on “Looks like you can sue the companies for stock price drops”
Don’t think its possible for anyone to win this kind of law suit. Forecasted numbers always have small print warnings.I would be very surprised if the law firm manages to get anything from Veritas.This is interesting. Keep us updated RPM.