I'm not a lawyer, so perhaps if one with proper background is in the vicinity they could comment, but I believe that shareholder lawsuits can solely or partly be against management.
Certain things are actions against management and they can be hit with damages.
The company has little in real assets, you say? Well, management may not be wealthy either but losing a lawsuit and having to pay some major damages personally does hit the right place if the top management of a company were in fact judged to be guilty of wrongdoing.
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