KalVista Pharmaceuticals (KALV)

[Toxic Avenger]

Lawsuits aren't for illegal activity. They're for dereliction of fiduciary responsibility or fraud.

If you look at the class action shareholder actions over the last few years regarding takeovers, they occur when the price rise isn't great enough.

When the price falls 40% and they sell a company with $40 million in cash for no money while giving the new company shareholders 80% of the new entity, I think you might find there are a few folks who feel there was some double dealing.

We'll see.