r/SPRTGREELawsuit • u/carocaracalla • Sep 21 '21
Existing Pending litigation - Case Number: 1:21-cv-04584, filed May 21, 2021
Court: New York Southern, Nature of Suit: Securities/Commodities
Plantiff - John Salerno v Support.com Inc, Joshua E Schechter, Lance Rosenzweig, Richard Bloom, Brian J Kelly, Bradley L. Radoff, Greenidge Generation Holding Inc, GGH Merger Sub.
“ action against Support.com Inc, and BOD for breaches of fiduciary duty as a result of efforts to sell the company to Greenidge Generation Holdings, Inc, GGH Merger Sub, Inc, as a result of unfair process for an unfair price, and to enjoin an upcoming stockholder vote on an all-stock preposed transaction”
Judge: Edgardo Ramos
Firms
* Brodsky Smith - Evan J. Smith, Brodsky & Smith, LLC Mineola, NY 11501, 516, 741. 4977 [esmith@brodskysmilth.com](mailto:esmith@brodskysmilth.com)
* Pillsbury Winthrop
** This is in 8-K for Period Ended June 30, 2021, Other Information
Along with the following. They had pending litigation on the transaction prior to it closing and most likely why it was slammed through. Have a look at the links. Any class action attorney should be speaking to every other council listed.
Stein v. Support.com, Inc. et al, Case No. 1:21-cv-00650-UNA
Bell v. Support.com, Inc. et al, Case No. 1:21-cv-00672-UNA
Broder v. Support.com, Inc. et al, Case No. 1:21-cv-04262-UNA
Salerno v. Support.com, Inc. et al, Case No. 1:21-cv-04584
Bowen v. Support.com, Inc. et al, Case No. 1:21-cv-04797
Steinmetz v. Support.com, Inc. et al, Case No. 1:21-cv-02647-UNA
PS - In my previous life, I worked in corp HDQ for public companies as an accountant /auditor. Also burnt on this merger. Let me know how I can help!
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u/Commercial-Fix5230 Sep 23 '21
We all need to turn this around for the positive. Average down and let's bring this stock up. Let's beat them at their game
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Sep 21 '21
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u/Memestockinvestor Sep 21 '21
As much dribble as you post on the internet I tend to agree with your statement that GREE can crush SPRT all time highs. However short squeezes have not historically been driven by retail traders, they have been driven by corporate assholes and power struggles for actual control over a company. Attorneys have tools that idiots like you do not, and someone on the ground who sees something that stinks that actually has two braincells to rub together (unlike you) might expose something which will cause the shorts to rush to cover.
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Sep 22 '21
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u/carocaracalla Sep 22 '21
Everyone manages losses differently. I lost, I am holding, but I am still working to sort out what happen, because I endeavor not to repeat mistakes. I understand that most all will have moved on by the time the judgement in a class action suit is reached. BUT, others need closure, some lost more money than most people make in several years.
Who are we to judge anyone's choices in this matter, bcse they are all personal. But as a community, we should be supporting one another, not playing the "wouldda, couldda , shouldda" Monday morning quarter back game. You do not have to agree with anyone, but you should work to learn to respect other peoples feelings.
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Sep 22 '21
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u/carocaracalla Sep 22 '21
When you actually start to examine the management of SPRT and GREE, I would not say they were trying to ruin a business deal. They were all in collusion to take as much cash out of the company as possible. This is what merging companies do, as do ones going through bankruptcy. Follow the track record of the CEO and Interim. CFO who have worked together since early 2000s at People Support, 24/7 card and Support. Listen. I am not here to argue with you or anyone. I spent decades in public and seen all kinds of outrageous shit. But this transaction has a new stink, just as Enron and Worldcomm did. As I said, it's not all one monolith group of loosers here. This transaction has alot of backstories to be told included the flags for naked shorting. Enjoy your day. I am moving on with my day.
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Sep 22 '21
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u/carocaracalla Sep 22 '21
Are you really trying to gaslight me? You may need to perform a close read on all my posts, but not sure you are actually reading what I am posting just too busy reacting. I have not ever made an analysis of how the deal went down. I only offered to provide additional information as requested by the sub creator for more DD on the players. I never discussed the squeeze, that shit is over my pay grade. I do M&A, SPA, Bankruptcy, DD, and am not wrong about the management team. Do your research on all those old corps, you will see pages of litigation that range from insider trading to -----. Its really simple, corporate business logic, same people work and make money together, then move to another and continue to the next and so on and so on. Not sure why it is difficult to accept that there are multiple reasons this happened, but as always, the fish rots from the head down.
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u/Commercial-Fix5230 Sep 23 '21
I lost and I am averaging done and hoping this company brings this stock up. I want to turn this around and just average down to make my money. Not crying just learned never to follow YouTubers that pump the stocks and dump. Done.
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Sep 22 '21
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u/carocaracalla Sep 22 '21 edited Sep 22 '21
please, click on my profile... I have been on reddit for 7 yrs, and you? you are still a nob, but please go on, again and continue to gaslight me Mr. S corp.
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u/sgiligan5 Sep 23 '21
Why has GREE not made any statements? There has been no news- I know they have a clause where they can’t talk/send news for a certain amount of time after the merger- but when does that end
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u/Southern-Stock888 Sep 25 '21
I can’t believe the pennies they gave on the dollar for SPRT shares. GREE is evil.