Monday, January 30, 2017 12:28:49 PM
Unless that is, you were in this company years ago when they got halted. If you were and lost money/didn't sell after the halt - then you would probably be very upset with the money you lost and would seek to sue the company.
Despite the fact that the SEC never formally charged the company, they did charge outsiders for manipulation. However whenever these halts happen, a big law firm usually takes up the case to file against the company because they knew there would be plenty of people who made bad financial decisions, bought at the top, and lost money.
A small settlement was reached which (as always) got plenty of funds into the firm that filed, but very little cash back into the hands of current or former investors.
I was offered to take part in the suit, but didn't because I made a decision to sell after halt which still meant I kept very decent gains. I'm sure others were not so lucky and got very upset, therefore joined the suit.
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