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Old 8th Mar 2014, 21:46
  #2124 (permalink)  
racedo
 
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Nonsense! An investor might take a case to test in court but that would cost a fortune with no garentee whatsoever of return, admittedly they could then appeal that ruling...oh I see your stratagem now...genius!
Er No

IPO prospectus gave certain assurances to potential investors regarding the way Investment proceeds received would be for benefit of the company and that the €104 Million to pension fund was a complete one-off.

Now some years later the Investor finds that the guarantees given were not worth anything and were misleading or plainly false.

Investor can claim that he/she/it was persuaded to invest under false statements given in prospectus.

A shareholder would stand a reasonable chance of winning and solicitor on a no win/no fee basis would take it on.

Has happened before and no doubt will happen again.
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