With this kind of shareholder class action lawsuit what other concept was there? If the plaintiffs win or the company settles with compensation as part of the settlement then the only path was a payout to shareholders.
The issue is once this starts is at least 12,500 shares will be sold for 240 days assuming 90 days prior to court acceptance the price is less than 50 cents and the volume is less than 125,000 shares a day on average.
Are you saying all companies should use this approach? Act recklessly enough to trigger a class action lawsuit so shareholders can get fraud dividends? Seriously? When people ask me why this is obviously a scam this concept just adds another piece to the puzzle.
Payout of a Fraud Divvy because Bordynuik damaged shareholders.
“Class” means all persons or entities who purchased or otherwise acquired JBI’s securities between August 28, 2009 and January 4, 2012, inclusive, and who were damaged thereby."
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