High inflation and soaring interest rates have been the main factor behind the double-digit stock downturn so far this year, but alongside these macro factors, many stocks have plunged due to more company-specific issues—for example, corporate scandals.
These scandals run the gamut, both in the type of scandal and the severity of the scandal. Categories include bribery, fraud, stock manipulation, and even non-criminal charges, such as negligent and strict liability torts.
However, whether guilty of the “crime” or merely struggling to put allegations behind them, the question is whether these seven corporate scandal stocks can make a recovery. Let’s dive into each one and see if a comeback is possible.
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