I just received a phone call from a large shareholder asking if there was going to be a class action suit brought against the bank and the directors. I didn’t know quite how to respond and mostly fumbled around for an answer. He said he would be willing to spearhead an effort to look into such a suit if there were some other shareholders who were interested. He will contact attorneys to get some information only, for now. I said I would put it out and see what the interest is.
This is just hypothetical until any contacted attorneys respond. If you would be interested in pursuing this, or know any shareholders who would, please send your contact info to email@example.com. All responses will be kept confidential. i.e. shared only with the individual spearheading the effort.
Any constructive thoughts here will be appreciated.