[LurkerAtTheGate]

I was thinking this opens them up to a shareholder suit for mismanagement, breach of duty, or possibly even fraud?

[nickff]

Matt Levine often repeats the phrase ‘everything is securities fraud’. Any statement which turns out (with hindsight) to be false is grounds for a shareholder class-action lawsuit. Even many correct statements are grounds for shareholder class actions. The problem is that the only people who actually profit from shareholder class actions are the lawyers.