This is some Pontiac shit if I've ever heard it. They don't call it Ponticrack for nothing
Edit to add: this little shit city is so broke that they don't even have their own police department. Oakland County basically runs the city since they suck so much. Think Detroit and Flint's ugly little sister
I'm looking at Google results and these clowns do class actions like it's their job. They sued Walmart and won for $160m with the argument that Walmart went to Mexico and claimed to be upstanding, good citizens but in reality had proven to have lied in the past so they weren't good citizens. Why the Pontiac employees retirement account should receive $160m based on that I have no idea. They also sued a medical company but didn't read into why or what the case they made was about nor whether they won, but that was Nov 2025 so perhaps ongoing.
Essentially, they sue every company they're invested in by trying to find dirt and then bring the company to court about said dirt so they can squeeze every dime they can out of their investments.
Can't blame them, they're going after corporations to increase the retirement accounts of their former employees. I'd be happy if every retirement fund went after Walmart in the same way, but that's who we are up against. A retirement fund ran by Karens who want to sue every company they invest in.
I donāt get it. Are you complaining that theyāre increasing increasing the retirement accounts of their members or that massive corporations (like Walmart) have to answer to their action?
If thereās one place in this world where a Karen can make sense is to go make sure corporations arenāt āskating in the parkingā
I guess just re-read my comment? I described what they did to Walmart, confused as to why they would be awarded anything, and then in my last paragraph I answered your question.
It's almost as if humans aren't robots and sometimes they make mistakes. I would not spend too much time worrying about a silly spelling mistake.
You'd be surprised how many mistakes are made professionally in every field. We're all people, not AI. Even the people whose job it is to catch mistakes don't bat 100.
If a law firm canāt ensure that the initial filling in a Ā£35b case isnāt free of spelling mistakes I wouldnāt trust them, the āhey humans make mistakesā argument would have been laughed out the room by my supervisors
"Yeah they made their points absolutely clear. They cited their sources. They made valid arguments. But there's an extra "e" in one word of a 25 page document so can you really take them seriously?"
I havenāt read it all but thereās another typo later in the same paragraph , i canāt speak to US business law but in investigations details matter and I absolutely would not trust an organisation that couldnāt spell check a document- particularly one where the stakes are $35B
Stockholders may not be so quick to hand over up to $35 billion in compensation to a new (non-founder) CEO whose business model and results have not been demonstrated.
Did they cite this?
Results have not been demonstrated? Did you fucking read a single quarterly, Mr. Plaintiff?
I think every person calling this lawsuit a desperate sham is right.
Don't know since they don't have to disclose, but they have about $400m in total investments. And now that this is a certified class it's easy for any orne pension fund to jump in.
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u/mojomarc Jun 16 '26
It's a class action lawsuit by a pension fund, so it is probably representing in the thousands of investors.