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ADBE.US
id: 286, Created by George Scott, Scout
Adobe Systems Incorporated
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On September 15, 2022, Adobe released 2 breaking news, particularly, announced earnings and a $ 20 bn. deal with online design tools maker Figma.
- The Company released a mixed Q3 2022 financial report that topped earnings, but sales were below expectations.
- At the same time, despite the weak and uncertain economic environment, Adobe decided to make a high-priced acquisition for $ 20 bn in cash and stock.
On this news, Adobe stock plunged more than 15% and lost over $25 billion of its capitalization, seriously damaging investors.
Moreover, back on September 13, 2022, the price of the Company’s shares lost 7% or about $13 billion of capitalization on No News.
Assessing the need for an expensive purchase of Figma, it is important to note that one of Adobe's flagship products, Adobe XD, could no longer compete with Figma. Even thoughAdobe XD was released earlier than its competitor and the Company had much more significant resources for product development, the competition was lost. As a result, the only way not to lose market share was to take over the Competitor at a high price.
Taking all the facts, history, and the respective market reaction into account, there are reasons to suspect that Adobe's Leaders have made and may be making faults in management and are trying to compensate for them at the expense of the Company and its shareholders.
Alleged Offence
Mismanagement,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 September 2022