Totally fair to re-evaluate, but I’d be cautious not to overstate what’s actually been filed here. The company has already confirmed it does not expect any material impact to operations, and this isn’t some fresh legal shock, it’s an older dispute that’s now formalised. Not sure how much clearer you can get than that.
As for disclosure, ACE lodged the announcement within days of the court filing becoming public. That’s exactly how these things are supposed to be handled. Companies aren’t obligated to report informal legal correspondence, only formal or material actions. This met that threshold, and they disclosed it appropriately.
But yep, completely get the wait and see approach - just worth keeping the bigger picture in perspective.
ACE Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
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