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A comment on Tesla, Musk must face shareholder lawsuit over going-private tweet. Parent comment

Re:Tesla, Musk must face shareholder lawsuit over going-priv... by nickff on Wednesday April 15, 2020 @06:47PM (#22884053)
If this were a class-action lawsuit by people who were shorting Tesla stock, or owned some option on it, I would agree that it would be serve the purposes of class-action lawsuits (aside from lawyer-enrichment). But it isn't.
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Re:Tesla, Musk must face shareholder lawsuit over going-priv... by projektfu on Wednesday April 15, 2020 @06:57PM (#22884143)
Unfortunately for your position, it’s considered to harm all investors when a key executive mouths off like this.
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Re:Tesla, Musk must face shareholder lawsuit over going-priv... by nickff on Wednesday April 15, 2020 @07:01PM (#22884168)
I definitely agree that key executives mouthing off does harm the shareholders; the problem is that these shareholder class-actions against companies do not provide a real remedy to the harmed shareholders.

I also agree that courts are allowing these lawsuits to proceed despite hearing objections like mine.

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