(Bloomberg) Most of the time, securities class-action lawsuits are nothingburgers. A company’s stock price drops unexpectedly, some plaintiffs’ lawyers sue on behalf of supposedly aggrieved investors, and after a year or two of legal wrangling, the parties settle for what amounts to pocket change for the corporation.
But every once in a while, a securities class-action suit comes along that combines high stakes, serious legal issues and potentially astronomical damages.
