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Moller International Inc. Message Board

  • mermoo00 mermoo00 Feb 25, 2013 5:49 PM Flag

    Question

    I knowI said I was leaving for a while but I guess I had a few things to take care of. Can shareholders sue for proof of good faith negotiations when PR stunts like this fail? There has to be some sort of way to make them prove they are providing their fiduciary responsibility to the corporation.

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    • I'm not an attorney, but I deal with them a lot. First, anyone can sue for anything so the short answer is "yes." But you'll need to (unless going for punitive damages) to prove your damages by the specific acts you allege. Best would be a class action lawsuit, but I don't know that Moller has the resources to defend themselves and have anything left to settle the lawsuit (or pay the judgement). My personal opinion is that it would be futile.

 
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