In the wake of the SEC probing Apple about their statements regarding Steve Jobs' health I just have one question: Who benefits from a shareholder/investor lawsuit?
To put it more robustly, if the shareholders were to win a lawsuit against Apple that said that Apple mislead them in reporting that Steve Jobs was healthy when in fact he wasn't, doesn't Apple have to pay damages in that lawsuit? And if Apple pays damages, wouldn't it just come out of the company and therefor the value of the shares would drop? The only real winner in the scenario of a shareholder lawsuit is a person so manic that they bought the shares at a high point after hearing the healthy news and sold them after later reports said he was unhealthy. If you're still holding on to the shares you're just taking money from one pocket and putting it in another. I'm sure there are some people out there who are manic enough to have been trading based on the news of the health of one individual, and since those people are clearly gambling they should be ignored or encouraged to do their own research (aka dumpster diving outside of medical clinics to find records) rather than relying on PR statements about someone's health.
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