Reply to post: What are they fighting for?

Facebook ordered to open internal docs for investors livid about losing cash following data slurp scandal

Nick Kew

What are they fighting for?

Shareholders suing their own company need an objective. Financial compensation as such is self-defeating[1]: they'd be paying their own compensation. Has someone applied to the Court to order Facebook to do something - like change its management structure / give them a board seat?

[1] Unless there's some diabolical tax wheeze. Or - worse - fund managers joining lawyers in deliberately taking fees at the expense of their own investors.

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