Great news for long term investor (margin call)Yesterday when I saw the news, I remembered that Valeant had the same issue, then Forbes came with an article.
I checked what happened to Valeant stock and I wasn't really surprised, it went up for couple days, then started descending again, but Valeant had too many skeletons hidden.
With Concordia, it's not possible, that's the worse news that you get. Looks like a bottom. When lots of sh*t (lBREXIT impact, downgrades, law suits and finally margin cal) hits a fan, that's corresponds to bottom.
In regards to lawsuits (some people even post them), get a life :) From all these lawsuits, maybe 1 or 2 will get to court.
Periodically I get papers to go against the "fail" companies like Barrick, Valeant, etc... Mostly lawyers try to earn 25 to 50%. No wonder they are like sharks, but maybe 1 lawyer company wins, and probably with settlement, that's a good as it gets.
It will be 1 extra charge on commpany's quarter.