Is this really so much of a thing as people make it out to be? I can't honestly see a lawsuit from shareholders going very far if its against a statement like B

Is this really so much of a thing as people make it out to be? I can't honestly see a lawsuit from shareholders going very far if its against a statement like Basecamp's of "we didn't apply for these grants/tax rebates because we felt it would be exploiting the system to our personal benefit".