Crissa
Well-known member
- First Name
- Crissa
- Joined
- Jul 8, 2020
- Threads
- 127
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- Location
- Santa Cruz
- Vehicles
- 2014 Zero S, 2013 Mazda 3
- Thread starter
- #31
Ugh, I worked at a bank disbursement department. These lawsuits used to be super-common and super corrupt.Muros Trustworthy
Rivian is now under some legal problems
Any price increase wipes out all Rivian pre orders and sinks Rivan stock. Even bigger problems with IPO stockholders is they cannot sell IPO stock for 1-2 years. IPO stockholders are stuck. Their only out is legal before the doors close.
Truth
With 0 pre orders is Rivian a Zombie company?
RIVN LAWSUIT ALERT: Levi & Korsinsky Notifies Rivian Automotive, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline (prnewswire.com)
I hate that the SEC and judges still allow it, too.
Yes, there needs to be some protection, but often... did you look at the class definition for the disbursement after the '420' remark? They didn't have to prove any damages, and a judge just rubber-stamped it. It's a very narrow payoff for some speculator rather than the standard investor who would have, say, believed Elon's comment and held. No, it's going to those who didn't believe and sold off or had options exercised that month.
Super-corrupt.
This is an argument 'what did they know and when did they know it' legalized extortion.
-Crissa
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