Indeed, the number of companies restating prior financial results is at an all-time high. When companies restate past results, they are admitting that those results were improperly reported given what was then known within the company. As a result, restatements strongly suggest fraud. If your investment tanks, there are resources on the web that you can use to help determine if you have been defrauded. If a company is restating past financial results, get an attorney.
Most companies post their press releases on their own website.
In addition to commiserating with other shareholders, the bulletin boards can give you insights and ideas about what happened. As with all information on the web, however, you should maintain a healthy skepticism. Those notices identify the law firms that have filed the suits, and you can contact them for further information. Also, many law firms specializing in class actions have their own websites that give information about cases and answer many frequently asked questions, including your rights as a class member and how you can share in any funds recovered on your behalf. If a lawsuit has already been filed and you want to get involved further, the firm can give you the appropriate form and file it with the court for you, again at no charge.