If Carter has standing to file the lawsuit - then he can create a waterfall that benefits him - he can also create a waterfall to make Leane happy - it is obvious he isn't going to pay UOIP shareholders.
Shareholders can file a lawsuit similar to Leane but she has a contract - UOIP shareholders are last in line to be paid and UOIP has been suspended and revoked.
UnifiedOnline is a private company and Carter can do anything he wishes - he can create another Class of Preferred shares that control 100% of the voting.
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