RE:RE:Come on guys!In a class action lawsuit, shareholders need a compelling case to attract a lawyer willing to take it on. Shareholders don't incur out of pocket expenses in a class action lawsuit as the law firm takes on the entire risk of litigation and bringing it to trial ---if it gets there. Class action lawsuits work on a contingency fee basis--meaning if the law firm wins the case, they get a percentage of the settlement and the members of the class end up with peanuts (no kidding!) on a pro-rated basis. Shareholders who have not lost any money (i.e., those who have made a profit such as myself) are excluded from getting anything from the settlement.
Since Mr. Groia is willing to take on the case on a "heavily discounted fee" basis, I suppose it's not a class action? What is it? So, only those shareholders who pay the fee, will reap the rewards 5 or 6 years down the road. Maybe?
The NordStar acquisition was planned long ago, probably even as early as Oct, 2019 when the dividends were cancelled. Yes, the share price was driven down deliberately but I'm sure they've covered their legal butts.