RE:RE:RE:West Face files their Claim for Losses riverrow wrote: I don't honestly remember what year the "bad" loans happened but I'm sure the premise of the lawsuit is HCG should have released bad news to drive the share price down. The problem is market reaction to news is unpredictable and what investment actions West Face would have taken are also an unknown. They may have waited too long after the release of bad news or shorted even more and ultimately losing even more money than they did. There's no way to determine appropriate compensation, if any. GLTA.
West Face must sure like litigation. Same hedge fund that Glassman sued just in November (with a whole "Wolfpack" of Co-defendents) for manipulation and conspiring to drive Callidus Capital share price down. I wonder if they work together and did so on HCG. Funny how the truth will eventually come out, one way or another. Truth always wins!