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Yes, people can and will sue for any reason. But in this case this is how the suit would likely go ... plaintiff: "Your honor these share holders are suing the
by ChuckMcM 7y ago
Yes, people can and will sue for any reason. But in this case this is how the suit would likely go ...
plaintiff: "Your honor these share holders are suing the company for violating its fiduciary duty."
company; "Your honor, we know that some share holders may not always agree with the majority, but we made sure that over 50% of the share holders were on board with every decision we've made. We move to dismiss."
Judge: "You have documented that the majority agreed?"
company: "Yes your honor"
Judge: "And every shareholder has access to the bylaws of the company which state in clear and unequivocal terms that all decisions will be decided by a simple majority vote?"
company: "Yes your honor."
"case dismissed."