The saga of formerly high flying Internet consultancies crashing to earth continues. What happens when your earnings are lower than expected? You become a ripe target for shareholder lawsuits. Have shareholder lawsuits ever helped a company’s shareholders? Maybe they should be called “former shareholder lawsuits.” Both lawsuits were filed over the same statements by the company’s executives.
The saga of formerly high flying Internet consultancies crashing to earth continues. What happens when your earnings are lower than expected? You become a ripe target for shareholder lawsuits. Have shareholder lawsuits ever helped a company’s shareholders? Maybe they should be called “former shareholder lawsuits.” Both lawsuits were filed over the same statements by the company’s executives.
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