Ex-SEIU President Andy Stern’s Stocks Take A Beating…

September 29th 2011 · 0 Comments

At first, with the White House keys still clanging around in his pockets, the Board of Directors at bio-warfare company SIGA must have thought they’d hired the goose that laid the golden egg when they hired of former SEIU boss Andy Stern. After all, in his first six months, SIGA’s shares more than doubled after SIGA was awarded a government contract worth up to $2.8 billion.

Of course, there was that pesky lawsuit from a SIGA rival that’s been hanging out there for a while. A pesky lawsuit that SIGA lost last week, causing shares to drop off a cliff. Of course, it doesn’t help that two Congressional committees have been investigating SIGA either.

Right about now, SIGA’s Board of Directors must be feeling like they just lost a game of linerider.