Peter Minde
Well-known member
- Joined
- Jul 19, 2020
I didn't quite get it either. But here's one that provides a bit more insight.
In the Seeking Alpha report, it was noted that in reassigning patrollers from other Vail-owned mountains such as Breckenridge, Keystone, and Crested Butte, Vail risked "damaging workplace morale and creating an unsafe environment for guests." At this news, Vail's stock price fell by $12.29 per share, or 6.56% on January 2.
The investigation, filed by the Pomerantz Firm, concerns whether or not Vail Resorts had engaged in securities fraud and/or other unlawful business practices.
I don't know how you can call this securities fraud.