You're right about the lawsuit being a ploy. I have been through two of these, one for a company named PSIX which was as innocent or guilty as any of these houses--a stock which dropped from 70 to zero faster than you can read this.
The lawyers got a few million and the shareholders got about $11.26 each. Those who cry lawsuit--who do they think they are motivating? Not management. They have all the motivation they need.