When you purchase stock in a company you are taking a partial ownership stake in that business. That means that you have rights as far as how the business is run. You don’t get to sit in the captain’s chair so to speak and call of the shots as you see fit to run the company, but you can join in legal proceedings if there is wrongdoing in the company that causes you to lose value in your shares.
The value of different stocks rise and fall all the time. No one is disputing that. However, when a company has someone within its ranks that has committed a crime of some sort, the value of the stock may plunge. The company in that scenario is not taking care of its responsibility to its shareholders, and that is what causes the mess in the first place.
Fortunately for all of us, this is something that can be identified and cleaned up in a court of law at least to some extent. Everyone has the right to at least have their case heard. They would need to obtain a so-called shareholder oppression action lawyer.
In this situations there are often hundreds or even thousands of other shareholders who jump on this bandwagon as well. They also feel that they have been unfairly scammed in some way. They can join in the lawsuit and also seek justice alongside you. That is what is known as a class-action lawsuit, and you should ask your attorney if your particular case is one that qualifies as this type of lawsuit. They can help guide you on that question and any others that you might have about the progress of the lawsuit.
Todd is a miracle worker who will work tirelessly for you and your family. He is one of the few attorneys i've met - who I earnestly trust to protect me, and who I am happy to refer to our friends and fellow family members. The Spodek Law Group is someone you want on your side, because they will treat you just like family. Todd and his team are available 24/7, and they always answered our calls. Even when we were being irrational, and crazy - they were calm and super helpful. Just call Todd. He gives you a free consultation and is very understanding.- Donna & Robert
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