I read this today in my go to finance newsletter and thought of your comment:
The syllogism is:
Every bad thing that a public company does is securities fraud: The company did the bad thing, it didn’t tell shareholders about it in advance, the shareholders bought the stock not knowing about the bad thing, and when they learned of it they felt defrauded.
In the US, politics are both polarized and totalizing: Everything that everyone does has some political valence, and some people will think it is bad while others will think it is good.
Therefore everything that a public company does strikes someone as bad, and is therefore securities fraud.
I don’t make the rules! I mean, I guess I did kind of make up the rule “everything is securities fraud,” but only as a description of what I have observed in reality.