3 ms·
It is actually quite common. Here is a list of hundreds of such open lawsuits: http://shareholdersfoundation.com/content/new-cases http://shareholdersfoundati
by jmalicki 9y ago
It is actually quite common.
Here is a list of hundreds of such open lawsuits:
http://shareholdersfoundation.com/content/new-cases http://shareholdersfoundation.com/content/new-cases
- pavlov 9y agoYes, shareholder lawsuits are common. But it's the company that pays, not directors. HP actually paid $100 million in such a lawsuit for the Apotheker/Autonomy flop: http://www.reuters.com/article/us-hp-classaction-pggm/hp-pays-100-million-to-settle-autonomy-related-class-action-suit-idUSKBN0OP17O20150609 http://www.reuters.com/article/us-hp-classaction-pggm/hp-pay... The 2010 Board of Directors who created and permitted the $8.8 billion loss paid nothing. They kept their compensation, and most stayed on the board.