Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

That's quite a list of complaints, but only one of them creates any legal liability.
The one that could be pursued in the courts is the failure to meet the requirements of certain elements of the Nevada Revised Statutes.
NRS 78.345 Election of directors by order of court upon failure of regular election.
1. If any corporation fails to elect directors within 18 months after the last election of directors required by NRS 78.330, the district court has jurisdiction in equity, upon application of any one or more stockholders holding stock entitling them to exercise at least 15 percent of the voting power, to order the election of directors in the manner required by NRS 78.330.

And there's this:
NRS 78.330 Directors: Election; terms; classification; voting power.
2. The articles of incorporation or the bylaws may provide for the classification of directors as to the duration of their respective terms of office or as to their election by one or more authorized classes or series of shares, but at least one-fourth in number of the directors of every corporation must be elected annually. If an amendment reclassifying the directors would otherwise increase the term of a director, unless the amendment is to the articles of incorporation and otherwise provides, the term of each incumbent director on the effective date of the amendment terminates on the date it would have terminated had there been no reclassification.

ps. Not a lawyer.