When you short a stock you are borrowing someone else's shares to sell so technically you would never have been an owner who was affected unless you also purchased at least one share for your own account during the class period. It will probably be years before a settlement would be reached but you'd still get that sweet satisfaction and if you require instant gratification then just sell some short now. Probably should do it soon though because there might not be any left to short before long.
You make a good point. Tight stops would be wise or you could even do long dated puts which should be a slam dunk. Only play if you can afford to. Otherwise save your money for defending yourself and your family.
Will this work if I short the stock?
When you short a stock you are borrowing someone else's shares to sell so technically you would never have been an owner who was affected unless you also purchased at least one share for your own account during the class period. It will probably be years before a settlement would be reached but you'd still get that sweet satisfaction and if you require instant gratification then just sell some short now. Probably should do it soon though because there might not be any left to short before long.
You make a good point. Tight stops would be wise or you could even do long dated puts which should be a slam dunk. Only play if you can afford to. Otherwise save your money for defending yourself and your family.