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CrowdStrike shareholders sue over global outage, say company concealed info - National | Globalnews.ca (globalnews.ca)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 21 points 3 months ago (2 children)

Because companies have a feduciary duty to their shareholders and this is how it's enforced.

[–] [email protected] 4 points 3 months ago* (last edited 3 months ago) (1 children)

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

[–] [email protected] 1 points 3 months ago

Loginwall

[–] [email protected] 3 points 3 months ago (1 children)

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.

[–] [email protected] 5 points 3 months ago

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.