Two of the plaintiffs in the case are led by Sister Judy Byron, an anti-gun activist who recently participated in drafting a statement from the Interfaith Center on Corporate Responsibility, where “investors representing $634 billion in assets” called for pressure on gun manufacturers and companies associated with them “to review their operations, supply chains and policies and take meaningful action on this public safety concern.” [More]
So by buying shares they fraudulently entered into a contract with the premeditated intent of filing lawsuits, undermining the board, eroding profits, and devaluing shares…? And majority stockholders don’t have a complaint against them…?
[Via Bluesgal]
