Hiru Corporation (HIRU)

[satter]

You are correct on the legal theory: backdating share issuance dates for a ghost entity is a textbook reason for a derivative claim.

However a derivative suit isn't a field day. It’s a long, expensive battle where the shareholder(s) must first prove the board is incapable of policing itself (Demand Futility). One might underestimate the cost and complexity of the process.