Right let me play the fool. A group of businessmen want to take a majority stake in a company and put it to investors that they will only invest if the decks are cleared of contingent liabilities ( class action) AND they do this knowing they are negotiating with criminals? Seriously! Is there any due diligence on the part of AC? They would actually go the table with criminals?
There is a growing list of companies making without prejudice decisions to settle class actions to avoid drawn out expensive legals. Nufarm, QBE, Newcrest to name a few. Does that prove their BOD are criminals too - no, I thought not.
Actually when step away and look back Class Actions by shareholders is a bizarre concept. Many, and you are one of the loudest, proclaim it is your company as a shareholder, yet you sue the very people you put in charge of running your company. How odd! Can you imagine if Bob the hi-fi mega company sue little Johnny the local store manager because he has stuffed up and that store has made a loss! When look at things literally the world is mad.
Investing is risky, accept the rewards and accept the risks.
Add to My Watchlist
What is My Watchlist?
