NanoTech Entertainment Inc (NTEK)

[DangFool]

A lawsuit against the corporation itself would yield nothing, as they're severely in debt.

Can you explain why someone should hold on to ntek shares if there is a class action suit? Shouldn't all the money lost have some standing as well?

However, a sufficiently pointed lawsuit, alleging real wrongdoing, and not just failure to properly execute fiduciary duty, has the potential to pierce the corporate veil.

If you can manage that, the bank accounts of the insiders becomes fair game. That's Foley's house in Los Gatos, for instance, and whatever offshore accounts he did a poor job of hiding.