Why does a stock go up when there is an investigation?
- Thread starter cashclay
- Start date
This is nothing but, a shakedown of these law firms. I was once, a plaintiff in one of the cases filed by this same law firm. The CEO settled and paid $10,000,000. I lost like $4,500 due to the fraudulent financial statements of said company. Lawyers kept most of the $10,000,000 in settlement monies. I was to receive the grand sum of $150 but, I had to fork over detail financial information which probably, will put me at risk of identity theft. Told them to stuff it. These lawsuits are a joke with the victims of wrong doing getting little to nothing at all. Now, these lawyers, they clean up. That is why they keep filing these lawsuits.
It says "reminds", which means it's a reminder, not news.
Crooked lawyers re-publish the same press releases every couple weeks to force settlements:
https://www.google.com/search?q=OBLN+investigation&tbm=nws
But why does the stock go up ? Because it an investigation into the merger they are having.
Because investors aren’t stupid
Such “investigations” happen every minute on various companies and mean nothing. I or you can also announce that we are investigating something and that we hired an attorney.
https://www.google.com/search?q=walmart+number+of+lawsuits
“Walmart gets sued nearly 20 times a day, or 5,000 lawsuits each year”
And their stock goes up.
Stocks go up when people buy them, and may go up even higher when non-stupid people buy them, knowing that “investigations” are bs.
Don't you think if the lawsuits have any merit, the SEC, FBI and DOJ would be involved and people will get arrested? No need for these lawyers to get involved. Lawyers figured out they can just shake down companies and get rich by filing frivolous lawsuits. Fraud does happen but, these lawyers are even worst than the perpetrators. They exploit the victims and use them as pawns to get a huge settlement.
these are ambulance chaser lawyers. It’s a scam.