They are very difficult.
You have to demonstrate that the company has deliberately mislead the market or was not fully disclosed and that that led to a capital loss.
Anyone who purchased after the forecast or participated in the CR would certainly qualify as having made a loss. But proving the first two may be difficult to legally prove. If it was pumping before CR's wouldnt occur, yet we know it is rampant at the spec stock end of town.
their could be issues around disclosure of loan covenants if that comes into play.
You really need proper legal advice before even considering this path.
Above is my opinion not advice. There is a class action against the old onesteel company that i have followed for some time.
see ari thread for some info.
Class action, page-6
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