Ann: JustKapital funds Slater & Gordon Class Action, page-223

What a hoot!

"Investigation". What investigation? I think they mean they'll check out the information that's in the public domain and then write a long paper on it. They're trying to pretend they'll be given access to the company records which I don't think is going to happen!!We'll lay out all our records for you boys - just let us know when you want to have a look at them and come on in. Get real.

Each investor would have to prove the price they bought at was a fair one based on the fundamentals and then prove permanent loss, based on what actually happened over a representative period, which a judge will decide in about 10 years time when the matter gets to court, which it won't.

Given all the caveats in relation to forward-looking statements when companies (ie their directors) give forward guidance, it seems to me a grumpy loser would have to prove intent to mislead, or at least recklessness on the part of the directors.

Don't see why the owners of the business should get sued for the actions of the directors, who will all have D&O policies in place. Isn't that what they're for?

Clutching at straws.