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My point is that everyone involved is awful and that none of this should happen in a remotely sane society. What kind of corporate governance model allows for a
by lenerdenator 1y ago
My point is that everyone involved is awful and that none of this should happen in a remotely sane society. What kind of corporate governance model allows for a dictatorship? Why aren't the shareholders just selling if they think they were wronged the better part of a decade ago?
Because we're insane.
Maybe they're filing the suit out of the fiduciary duty to their fund members. Worst-case scenario, it goes nowhere. Best-case scenario, they get money out of Meta. Now, they're doing this off the backs of the people of Delaware, but whatever.