I don't know of any lawsuit brought by a hedge fund which includes a certified class of shareholders in a public company, i.e. a class action lawsuit prosecuting claims by shareholders and former shareholders that they lost money on their investment due to wrongdoing by a public company and its principals. Glenn Drago is an individual who invested and lost quite a large sum of money due to the false claims made by this company, as did many others of us who are members of the class of those "similarly situated". In fact, if you youreslf traded shares during the class period set out in the Complaint, you will be considered a member of the class unless you voluntary opt out. ARE YOU SUGGESTING HERE THAT MR. DRAGO IS SOMEHOW BEING DIRECTED BY A HEDGE FUND TO BRING A LAWSUIT AGAINST SLJB TO RUIN THE COMANY??? IF SO, THIS IS A SERIOUS ALLEGATION, SO I SINCERELY HOPE THAT YOU AREN'T ACCUSING HIM OF ANY SUCH RELATIONSHIP OR ACTION.
It is well known that there is no significant short position in SLJB, and that issue is in no way germane to the valid class action lawsuit brought against SLJB. Keep on dreaming.
THE LAWSUIT IS REAL; THE LAWSUIT IS VALID; THE LAWSUIT WAS BROUGHT BY REAL SLJB SHAREHOLDERS; THE LAWSUIT WILL LIKELY BE RESOLVED IN FAVOR OF THE PLAINTIFFS, ESPECIALLY IN THE EVENT THAT THERE IS WRONGDOING ADMITTED BY THE COMPANY AND/OR ITS PRINCIPALS IN ANY REGULATORY PROCEEDING.
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