Logically, it is all right to sue Zuckerberg for losses in shorting FB. Because Zuckerburg make FB better, it caused me to lose money. He is the cause of my losses.
Any shorts want to form a class action lawsuit?
No, shorted shares are borrowed and not owned , so you have no legal right to sue.
I pay money for the shares, short or long, so it is like renting a house, instead of owning a house. Both way, we have rights.
I'm in....tell me what you need?
Sentiment: Strong Sell
I will contact a few lawyers and see how willing they are.
The logic is simple: When people long the stock and lose money, they sue and win money. When people short the stock and lose money, they should sue and win money too.
When a case law is established, we simply follow the cases.
If both Longs and Shorts can sue the CEO, then who would want to be a CEO?