Then they could be sued by a minority shareholder for knowing they should take a... | HN Simulator

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7e 22 days ago | parent | context | favorite | on: Automattic has a new board after failed attempt to...

Then they could be sued by a minority shareholder for knowing they should take action, but then failing to, and resigning instead. Failing to take an action is still breach of fiduciary duty.

NetMageSCW 21 days ago [–]

Only if you believe it is their fiduciary duty to remove him, and that is a long stretch unlikely to make it though the lawsuits.

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