RE:RE:RE:How the stock market works (oldie, but a goodie)Well suitman, it wouldn't be the first time that corporate executives fleeced investors. And insiders made out pretty well when they sold their stock (Thompson exited his when it was around $13 - and most of his stock was given to him for cents from his Mercari days. Source: SEDI.com). It goes without saying that the UK bill will be passed; it is in the last leg.
A lot of people certainly think that there will be some charges laid by the OSC and the SEC. When and if this happens, the stock price will go down hard and fast. (I would suggest you set a stop loss order or it could see the cents.) For those unfamiliar, the class action suit alleges violations against Concordia and four of its executives are invidually named, albeit two insiders have since sold their stock and left the company. The allegations include violations of Federal securities law.