$LumiraDx (LMDXF.US)$ **If a large company acquires a smaller company's assets and refuses to provide information to shareholders, it raises serious concerns.**
Here are some potential avenues for shareholders to seek information and protect their rights:
1. **Securities and Exchange Commission (SEC):**
* **File a Complaint:** Shareholders can file a complaint with the SEC alleging that the acquiring company is not complying with disclosure requirements.
* **Seek Investigation:** The SEC can investigate the matter and take enforcement action if necessary.
2. **State Securities Regulators:**
* **State-Specific Laws:** Many states have their own securities laws that may provide additional protections for shareholders.
* **File a Complaint:** Shareholders can file a complaint with their state's securities regulator.
3. **Class Action Lawsuit:**
* **Collective Action:** If multiple shareholders have been harmed by the lack of information, they may be able to file a class action lawsuit against the acquiring company.
4. **Consult with an Attorney:**
* **Legal Advice:** An attorney can provide specific legal advice and help shareholders understand their rights and options.
It's important to note that the specific rights and remedies available to shareholders will depend on the jurisdiction, the terms of the acquisition agreement, and the applicable securities laws.
**However, it's clear that shareholders have rights, and they should not be denied access to information about the acquisition and the impact on their investment.**
Ryand83 OP : they keep giving half assed answers and have not disclosed about the transfer yet. questionable