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Saturday, February 03, 2024 3:58:37 PM
Not without a huge class action lawsuit. The release of FnF will be time sensitive and a lawsuit from shareholders will stay any action until it is heard. Don’t forget the SCOTUS said we should have brought a takings case.
J H Christ. Respectfully, you are dreaming. First off, you likely won't have a cause of action. Second, just because you are diluted into oblivion, as long as you retain your shares, you retain the same right you had before and after any dilution event of any public company....which is....not much at all.
Some nuisance lawyers can bring a class action. It won't stay or stop anything. The MOST you could ever get is the price difference before and after the news. My bet is people will be so clueless the price action may not even go negative immediately after. In this scenario you have no damages at all. If it goes to a nickel post release, too bad.
If it goes from $1.25 to ZERO the day the news hits, the maximum liability under any circumstance is $2 billion. That's chump change.
The takings cases have all failed. FYI.
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