AgencySpy noted class action lawsuits have been launched against MDC Partners on behalf of investors charging the White holding company made “false and misleading statements and/or failed to disclose materially adverse information” from September 2013 through April 2015, resulting in shareholders unexpectedly losing loot as MDC’s stock value plummeted. Hmmm. When a holding company’s lies and illegal acts lead to financial loss, class action lawsuits are filed with wild enthusiasm. When a holding company’s lies and illegal acts lead to institutionalized exclusivity and discrimination, class action lawsuits fizzle with disinterest and indifference. Money trumps diversity.
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