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Lions Gate Entertainment Corp. Message Board

typingatu 2 posts  |  Last Activity: Jul 12, 2014 1:34 AM Member since: Mar 4, 2007
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  • Reply to

    Lawsuit - continuation of Ichan games

    by typingatu Jul 12, 2014 1:23 AM
    typingatu typingatu Jul 12, 2014 1:34 AM Flag

    I left out the SEC - can LGF shareholders form a class action lawsuit to sue them for damages to the stock and shareholder value. It seems they really pursued a case at the bidding of a billionaire that has a beef with LGF. At least LGF will have the makings of a very fascinating documentary as to how things work in the world of finance and takovers and SEC pursing the likes of Martha Stewart and leaving the real criminals alone.

  • So if the lawsuit is based upon the loss caused by actions of Ichan and LGF's handling of defense from Ichan, resulting in a loss to shareholders (seems the attorneys are advocating for the loss to shareholder's). By that logic, we can sue Ichan for his attempts to lower the price of LGF by convincing everyone management was incompetent and the lawyers that are pursuing this lawsuit due to their damage to the shareholders in the event they are awarded damages that will detract from shareholder value.

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