There is no class action lawsuit against Skullcandy yet. I believe not many big companies have invested in this company and it is not worth for them to do it. People like us must have most of the stocks. Does anybody know when they announce how many shares Institutional have?
There will be no class action lawsuit on this scandal. At this valuation there really isn't much to gain. A successful suit will destroy the stock and any recovery. There really isn't much to gain by putting Skul out of business. I should have sold the call options on Thursday as I'd planned. Drats.
Institutional holdings can be found on the Nasdaq website. They are already trickling in for 12/31/12 holdings. Institional holders have 45 days to file and usually do so the last purple of days. Having said that, all the filings will be ompleted by next Friday the 15th.