Huhh? Apart from true or not, where have you been in the last few decades?
"Chevron CEO and Board Confronted for Lying To Shareholders, SEC and Public at Annual Shareholder Meeting"
"SEC Going After Bank of America For Lying to Shareholders, Again"
"Yelp Sued By Shareholders For Lying About Suppressing Bad Reviews In Exchange For Cash"
"Toshiba shareholders accuse group of ‘chronic culture of lying’"
"Nolan Watson – Mining CEOs need to stop LYING to shareholders"
"Herbalife: Now It's The Shareholders' Turn To Feel Cheated"
Just a few examples from the last 10 years after a little search.....