Tuesday, May 29, 2012 3:54:38 PM
If there was something of value that, over the last 5 months, had been sold out from under the corporation, that breaches the Duty of Loyalty, as they prominently displayed self dealing. Self dealing is a killer in the court system...
A securities law firm would look to take on a case in the event that the real intrinsic value of the corporation was sold or given away, and not realized through improper transactions. I'm talking about high powered firms...
It likely would drag out for years...but make no mistake...self dealing is a FEDERAL CRIME, uncoverable by D&O insurance, and prosecutable by law...
Restitution therein lies the payments to stakeholders, but after everyone gets done chewing their fat off the bone, we're left with a bone.
WTF.
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