Sarissa Resources Inc (SRSR)

[ben392]

The BOD does not need to sue Scott to revoke his shares in the company. Just yesterday the BOD of Wells Fargo revoked 45 million dollars worth of shares they paid to their CEO John Stumpf and 19 million in shares paid to Executive Carrie Tolstedt. They did this in response to a lawsuit that proved wrong doing on the part of these officers, but it was NOT a stipulation of the lawsuit itself. The BOD acted in the best interests of its shareholders. As the chairman of the Wells Fargo board, Steve Sanger said, "The independent members of the board will take such other actions as they collectively deem appropriate."

If Dan and Otto suspect fraud on the part of Scott, it is their responsibility to revoke shares paid to him as compensation.