Q: Hi Peter and Team,
Do news stories like this affect the stock price of either the plaintiff or the defendant?
“Quebecor Inc.-subsidiary Videotron is suing Rogers Communications Inc. for $91 million over an alleged breach of contract related to the sale of Freedom Mobile two years ago.”
We have a small holding in QBR.B and although it’s slightly down in price compared to when we bought it, it certainly is holding up better than our large holding in BCE (down almost 50%, not including dividends), but BCE is an issue for another question!
Thanks for the great help you’ve supplied over the years.
Do news stories like this affect the stock price of either the plaintiff or the defendant?
“Quebecor Inc.-subsidiary Videotron is suing Rogers Communications Inc. for $91 million over an alleged breach of contract related to the sale of Freedom Mobile two years ago.”
We have a small holding in QBR.B and although it’s slightly down in price compared to when we bought it, it certainly is holding up better than our large holding in BCE (down almost 50%, not including dividends), but BCE is an issue for another question!
Thanks for the great help you’ve supplied over the years.
5i Research Answer:
Lawsuits are fairly common amongst companies. Generally, they take years to play out, and...