Bill Ackman Sees Investors Repeating a Mistake of 2000: Flocking to the "New New" and Ignoring Quality Names
Hedge-fund manager says investors are ignoring Microsoft and other Big Tech names for the sake of the "new new thing," like chip stocks.Bill Ackman, CEO of Pershing Square Capital Management, shown...
Ackman’s New Fund Has Poor Debut, Drops 18% from IPO Price In First Day of Trading
Investor Bill Ackman’s new closed-end fund made a poor debut on the New York Stock Exchange, with shares of $Pershing Square USA(PSUS)$ falling 18% on the first day of trading Wednesday.The shares of...
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Portnoy Law Firm Files AMC Investor Class Action Lawsuit
A proposed securities class action has been filed on behalf of AMC Entertainment Holdings investors who bought AMC or APE securities between Aug. 18, 2022 and Nov. 11, 2023. The suit alleges AMC made materially false or misleading statements by not disclosing that a technical provision in the preferred stock certificate could allow the company to exclude APE holders from certain distributions after conversion to common stock. Investors have until April 20, 2026 to seek appointment as lead plaintiff.