It’s as though someone took a look at Rick & Morty fans and figured “We can throw a bigger hissy fit than THAT…”
If that happens I hope they get counter-sued and taken to the cleaners.
This is a common criticism of shareholder lawsuits and it’s valid but, in fact, the shareholder class for a class action lawsuit will be people who held the stock during a certain period, not necessarily those who hold it today. For example, the proposed class might be investors who held the stock on the day that HBO/AT&T announced that the show would be ending, which is presumably when the stock price dropped to reflect this allegedly unjustifiable business mistake. Shareholders who sold after the announcement could still be part of the shareholder class because they would have received reduced prices on their sales. Any class action settlement or judgment money would come effectively from today’s shareholders. There would be a lot of overlap between the shareholders in the class and today’s shareholders but the two groups aren’t exactly the same.
Additionally, many settlements are paid out of directors and officers insurance policies, which are generally paid for by the corporation. Obviously, all such premium payments ultimately come from the company being sued but the irony is that the only way for shareholders to get a return on those premium payments is to sue the company in a shareholder class action lawsuit.
Things like this make me think society is stupid and awful but the I remember stuff like this happens over and over. When Seinfeld ended there was a month of stories like this and then the world moved on.
If, FSM forbid, I were one of them, I’d hope somebody would snap me out of it.
I don’t see how anything short of proving that the whole thing was deliberately designed to fail (like Springtime for Hitler, but actually tanking like it was supposed to) would be a basis for legal action.
Edit: ninja’d