Unless Bove is short this stock, the lawsuit has no merit, to me it has panic emotion all over it. Essentially begging its customers not to withdraw money so the balance sheet does not tip over to the wrong side.
You are an idiot. BOVE either tried to cause a run on the bank or could have even if he didn't intend to. It's wanton disregard for the livelihood of the bank, the customers, the FDIC (i.e. Taxpayers) etc.
Levan is going to have this chump Bove for breakfast, lunch and dinner. You just wait. You don't know Alan Levan and that is clear.
Management is trying to prevent a run on the bank. Bove comments encourage such a run. That is why this is such a big story. Irresponible journalism can cause catastrophic results and this is irresponisble journalism on his part.
He needs to issue a retraction to clarify the issues at hand. I'm sure the suit goes away if he does this. however if he persists and the company fails due to a lack of confidence and nothing else, then he is indeed liable.
They will never win such a lawsuit. He is an analyst and this is his analysis. The management is responsible to clarify any misunderstandings or bad information by clarifying their point. This just goes to show you that management is failing to guide this company to profitability and now they want to take the focus of the problems at hand. This is a great management strategy.....what a joke!
Sounds like the management is whining for their lack of vision and management! The management just shot themselves in the foot today! Watch for a major drift down to pennies in the next several days.