Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 9 months agoCrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.caglobalnews.caexternal-linkmessage-square31fedilinkarrow-up1328arrow-down13
arrow-up1325arrow-down1external-linkCrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.caglobalnews.caXatolos@reddthat.com to Technology@lemmy.worldEnglish · 9 months agomessage-square31fedilink
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up21·9 months agoBecause companies have a feduciary duty to their shareholders and this is how it’s enforced.
minus-squarechaospatterns@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-29 months agoYes fiduciary duty to the shareholder is sometimes misunderstood but this is in scope. Everything can be securities fraud: https://archive.is/p2YHV Or: https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud
minus-squarePrethoryn Overmind@lemmy.worldlinkfedilinkEnglisharrow-up3·9 months agoLiterally, you invest on good the idea a company will operate within your interests. This going as south as it did was the opposite of the interests of investors. They have a right the same as companies using the the product.
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up5·9 months agoAllowing that is a great way to legalize stealing investor money. If the company fails the investors get nothing, but it still has a feduciary duty to them.
Because companies have a feduciary duty to their shareholders and this is how it’s enforced.
Yes fiduciary duty to the shareholder is sometimes misunderstood but this is in scope.
Everything can be securities fraud:
https://archive.is/p2YHV
Or:
https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud
Loginwall
Literally, you invest on good the idea a company will operate within your interests. This going as south as it did was the opposite of the interests of investors. They have a right the same as companies using the the product.
Allowing that is a great way to legalize stealing investor money.
If the company fails the investors get nothing, but it still has a feduciary duty to them.