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Thanks for sharing! I still don't understand why the law works this way though.


Any public information eventually is priced into the stock price by the market.

Say you buy the stock even though you didn't read the DEI statement, but other people bought the stock before you having read it. Their purchases drove up the stock price, so you had to pay more for the stock. You got defrauded of the delta. Especially if now it comes out, the price goes down, and you make losses.


Could you explain how else it would possibly work?

How would someone prove that they were mislead by this?

Me: I read their diversity statement and was mislead by it.

Them: Nuh-uh, you didn't!




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