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Re: None

Monday, 08/21/2017 10:59:56 AM

Monday, August 21, 2017 10:59:56 AM

Post# of 52840
Fiducuary Responsibility to Shareholders: I have seen many posts speculating how KK will spend settlement money. As a shareholder; I believe KK has a fiduciary duty to shareholders to provide a benefit to the shareholders.

It is my understanding that KK may direct settlement funds to the betterment, or growth, of GERS; however, I do not believe KK is entitled to pocket the settlement for his personal benefit.

This all stems from the classic Dodge v. Ford Motor Company decision. It is my understanding this decision has been modified from benefits to shareholders to benefits to the betterment of the company. However, benefits for personal gain is still prohibited.

My opinion; feel free to have your attorney look into this.