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RENN Stock Alert: Why “Facebook of China” Renren Is Plunging Today

December 10, 2021
Source: tradingforkeeps.com tradingforkeeps.com
News Snapshot:
[post] InvestorPlace – Stock Market News, Stock Advice & Trading Tips Renren (NYSE: RENN ) stock is falling hard on Thursday following an update on a $300 million court case against the Facebook of China. Source: Gil C / Shutterstock.com The court case has to do with a settlement in derivative litigation for holders of RENN stock. This is connected to a prior lawsuit against leaders of the company for allegedly syphoning funds from its investment portfolio to their own pockets. Judge Andrew Borrok weighed in on the court case via a teleconference. The judge’s stance is current investors in...
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Tags: Andrew | China | court | Facebook | investment | IT | judge | lawsuit | litigation | nasdaq | news | NYSE | publishing | Renren | report | research | share | shares | social media | stock | stock market | stocks | writer

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