After a spectacular share price rally with an all-time high of over 400 euros in March 2025, the Steyr share $4X0 (+0,2 %) crashed to below 90 euros. A shock for many investors - and possibly more than that. The law firm Reime has founded an interest group of aggrieved shareholders and is now examining possible claims for damages against the main shareholder Mutares $MUX (+6,22 %).
Particularly explosive: On March 18, 2025, Mutares published an announcement at 5:06 p.m. regarding the premature lifting of the agreed lock-up period - i.e. the blocking period for share sales after the IPO. This apparently allowed larger blocks of shares to be placed on the market earlier than planned.
(But they are not yet 😂)
However, the high of over EUR 400 was reached in the morning of the same day and the share price had already fallen to EUR 230 at the time of the announcement.
(This is how it is when 11% free float pulls each other up, all shares change hands three times a day and then some people cash in, but you don't need an insider for that 🤷♂️😉)
This is exactly where the legal assessment comes in. The interest group is investigating whether individual market participants were given an advantage in advance by selectively passing on information. In this case, according to the law firm, violations of insider trading and market manipulation could be considered.
(If someone smells money, even a lawyer does everything, he judges twice 😅)
"The dramatic price fluctuations allegedly raise significant questions about market integrity and transparency," the statement reads. The law firm is therefore calling for a comprehensive investigation by BaFin and is examining civil liability claims against Mutares - as well as possible directors' and officers' liability.
(Mutares would not have had to release a free float in the future either, then they would have continued to swing up and down and continue to whine because ....🍿🥤)
Man man man, now there are really some crybabies who didn't inform themselves sufficiently in advance and are now crying because they are looking after their money....
...Conclusion: "such is live" ✌🏻
