Great, a class action to add to the expense column. If this is really shorts manipulating the price, it is way over the line. I am not happy with the dilution either, but how does that recommendation by the BoD become wrongdoing? Must be more to it if it is legit.
I'm noticing a rash of "Invstigations" being initiated now. Dodd / Frank probably causing this by making it lucrative for law firms to go FISHING for info and reap a profit from a settlement. (From Businesswire on $APOL) "The SEC has finalized new rules as part of its implementation of the whistleblower provisions in the Dodd-Frank Wall Street Reform Bill. The rules protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery."