seeing through the sensationalism, page-10

hwe - shareholder action ? There has recently been a court ruling that (i) where companies have provided poor information to equity investors, and (ii) the company subsequently goes bust;
the investors may be treated as creditors of the company, and may participate alongside other creditors in the split up of any proceeds of liquidation.
Given this, would HWE be a case for a class action on behalf of shareholders ?
They seemed to go bust very shortly after raising a substantial amount of equity capital from the public. This raising was accompanied by a prospectus that painted a glowing picture of the company's position.
Any takers ? IMF ?
Note. I am a holder of HWE shares, and did invest money in the raising described above. I am not legally qualified, and am not suggesting that the circumstances of the recent court case apply directly to HWE.