Faruqi & Faruqi is a law office that puts out press releases to see if a share holder will engage with them to file a complaint against any company that they can find. Most companies will "settle" because that is less expensive then going to court.
In this particular case Faruqi & Faruqi is looking for someone that is willing to complain legally that SLP is acting in bad faith by establishing a stock option plan to provide an incentive for their senior employees to continue growing the company. The stock options that SLP provides to the staff are entirely in line with good business practices. As an example with how conservative they are with stock... There have only been 26,000 shares issued for corporate purposes since the IPO many years ago. Yes, there have been more options but the lack of share issuance is a testament to the strong belief that shareholder value should always be protected. Walt holds about 40% of the stock... He has NEVER taken an action that is not in the best interest of those shares.
A law suit might be filed and if SLP decides to contest it in court they would win without question... they have years of history proving their side of the story. But... if it comes to that SLP might also settle because of the expense to defend.
Faruqi & Faruqi is the scum of the low life... They don't protect shareholders they suck money out of corporations for their own gain... They make their living on the "settlements".They do not provide any value.
To answer your question specifically... No, there is nothing to the law suit but, if it happens there will be a one time expense and possibly a hit to the share price. This would be an excellent opportunity to buy additional shares for those that are able to see the bigger picture.
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