The board of directors has a fiduciary duty to act in the best interest of ALL stock holder EQUALLY. The case law that established this was the Trados[1] case.

The board of directors has a fiduciary duty to act in the best interest of ALL stock holder EQUALLY. The case law that established this was the Trados[1] case. If your company issues a huge bonus to executives for completing a sale of the company, you might have a case against the company. There are lawyers that make a very good living taking cases like this on contingency. I'm sure that's what these employees are doing in this case. [1]https://corpgov.law.harvard.edu/2013/09/03/delaware-court-of-chancery-upholds-trados-transaction-as-entirely-fair/ https://corpgov.law.harvard.edu/2013/09/03/delaware-court-of...