Class action under investigation!, page-105

This is unfortunate for everyone. Holders who have been misled but have to playdown on HC to try to minimise the damage to their investments while non holders who are relieved not to be there but are likely taken a hit on other tech holdings by association. 2 weeks to come up with an update. Smart not to say something? Only if you cant come up with a reasonable explanation for your doings. Customers like CBA will disassociate themselves from it quickly as they dont need more scandals (beyond their own). Reputation damage requires a replacement of mngt and board. A great case study for a business school. And a class action will drain most of their funds, so the big Q is if the business model is robust enough to survive that. Nobody knows.