Class Action Lawsuit I have written Ahmed today indicating that some shareholders are contemplating a possible lawsuit, specifically a class action suit or to possibly sue for an accounting. From my experience in this field the latter is something that really makes management and directors tremble in their boots as it open them up to possible negligent misrepresentation, and the directors to personal liability claims.
When it is the companies money at stake they don't worry so much about it, when it potentially effects their personal bank accounts it is extremely telling how fast they will move to remedy the problem.