Hoooly shit what an argy-bargy it's turned into on here today!
Ultimately:
The only people with any control over whether the directors can be faced with a legitimate class-action lawsuit is....
...the directors!!
If they've done nothing wrong, no problem. If they have, they deserve to be penalized for it. It's not gonna destroy the company or the project.
Also, I am a pretty minor holder and I'm pissed off about the way BOD has handled this. For larger holders, investigating a class-action suit isn't a big stretch of the imagination. I don't think they needed to read anonymous forums for tips.
Ultimately:
The only people with any control over whether the directors can be faced with a legitimate class-action lawsuit is....
...the directors!!
If they've done nothing wrong, no problem. If they have, they deserve to be penalized for it. It's not gonna destroy the company or the project.
Also, I am a pretty minor holder and I'm pissed off about the way BOD has handled this. For larger holders, investigating a class-action suit isn't a big stretch of the imagination. I don't think they needed to read anonymous forums for tips.