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Judges should put an end to 'ghost class actions'

A federal judge recently dismissed a class action lawsuit filed on behalf of all New Yorkers who purchased Vizzy Mimosa Hard Seltzer. The lawsuit claimed the drink's labeling misled consumers because the product contained champagne, when in fact mimosas do. In dismissing the lawsuit, the judge stated the obvious fact that “no reasonable consumer would […]

T-Rex files for 'ghost pepper' 2X leveraged MicroStrategy ETF – Cointelegraph

Financial services firm T-Rex Group has filed in the U.S. for a leveraged MicroStrategy (MSTR) exchange-traded fund, which one analyst has described as the “ghost pepper” of ETFs because of its potential volatility. Balchunas said that if the fund is approved, investors would be exposed to about 20 times the normal volatility of the S&P […]