$301 Million Lawsuit against Virgin Galactic and Richard Branson can Proceed

$301 Million Lawsuit against Virgin Galactic and Richard Branson can Proceed

Reuters reports that U.S. District Judge Allyne Ross in Brooklyn ruled in favor of shareholders willing to sue Virgin and

The shareholders are allowed to try to prove that Branson and Virgin defrauded them into overpaying for the space tourism company's shares, which nowadays trade more than 90% below their February 2021 peak.

Photo credits: Ron Rosano  

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