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.