Marcus being sued.
Thought this was interesting. Not sure if this was posted yet, did not see it. Marcus Lemonis being sued and complainants trying to get class action status. http://rvdailyreport.com/industry/lawsu...
Forum Discussion
wa8yxm wrote:
A stock market investor is mad because his stock lost value...
That's not why they're mad... From the full article:
The lawsuit alleges that the defendants made false and misleading statements about Camping World’s financial performance, including its historical financial results and its integration and operation of the newly acquired Gander stores, and concealed material weaknesses in the company’s disclosure controls and internal controls over financial reporting, leading to a 37 percent artificial inflation of Camping World’s reported 2016 basic earnings per share.
If they indeed misrepresented the company's past performance and earnings in the manner alleged, then they crossed the line between optimism and fraud. This is why we have courts.
