Pacific Sunwear of California Inc fka PSUNQ

[Greus]

Share holder Lawsuit?
The company officers rushed efforts to file bankruptcy, and delist from the NASDAQ within less than a week. This did not give shareholders much time to react. Golden Gate Capital will receive equity-like returns far above what it may be entitled to in a restructuring support agreement and may have encouraged a fast bankruptcy filing. I believe insiders were complicit and knew about this before the 10Q report on December 8, 2015 which withheld factual debt obligations, and made no implication of possible bankruptcy in the near term. They ruined shareholder equity while keeping their salaries and making executive bonus plans without shareholder approval or voting.

Seems like there is a possibility for shareholders to recoup losses within legal proceeding. Has anyone consulted with counsel? Any one interested in setting up a shareholder equity committee?