I hope this post is not off topic or a repeat but if deemed so please delete it.
Today I have seen press from several law firms around the country saying they are investigating claims against ZM for misleading investors. Have not seen one yet that says they are suing ZM just that they are investigating. Not sure if these are reputable firms or the dregs of the legal community that make their living doing this type of thing.
Is this expected given all the security concerns that have surfaced?
For those of us long ZM should we be more worried about these law firm investigations or is this going to give us more opportunity to buy the stock at a low price?
Would value board input on this.
ClydeJ
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Class action baloney only ever profits the law firms. - imo
Zoom has never been priced “low”.
Credit Suisse downgraded it to “underperform” today. Suggesting the price is way ahead of itself.
no position in ZM
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I’m not concerned by this. Every time a stock craters—-like cockroaches, these lawyers come out of the woodwork.
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Today I have seen press from several law firms around the country saying they are investigating claims against ZM for misleading investors. Have not seen one yet that says they are suing ZM just that they are investigating. Not sure if these are reputable firms or the dregs of the legal community that make their living doing this type of thing.
They are lawyers, that’s what they do. If you have stock in the company you will probably get something in the mail asking you to join in on a class action lawsuit. I should have a trash can just for these types of junk mail. At least the lawyers keep the Postal Service and Loggers busy :).
Andy
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I have 4 – count 'em, 4 – class action suit envelopes on my desk as I type this.
I have never joined any, as I never thought any of the companies I owned did anything wrong. What a crappy way for these lawyers to make a living.
Worse yet, most of the time, a public company will find it much easier and cheaper to lose the suit than fight it and win, and I would guess (only a guess) that ZM will end up doing the same if anyone pursues the class action trick.
It’s one thing if Zoom (or any company) purposely misleads customers or shareholders and another completely different thing if someone loses money investing in a company while they made one or more mistakes affecting the share price.
Guess what: Every decision a CEO makes can ultimately affects the share price and the only way they can guarantee to not make any mistakes is to sit on their butt and play solitaire or watch porn on their pc. I’d rather have my company leaders trying and failing and trying again, than doing nothing. We have Congress people for that. 
Dan
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