RE: ?Actually, I'm quite well-versed on these issues.
A breach of fiduciary duty is where a Director does not act honestly, in good faith, and in the best interests of the corporation (and shareholders). Not only that, they have to act loyally and put shareholder interests ahead of personal interests (e.g. for personal gain).
Now, was there conduct reasonable whereas they did not present an offer to shareholders? Last time I checked, Jim and Mike do not have majority stake in RIM.
I'm not bashing, I am a RIM shareholder and looking to add to my position. I'm just saying I have seen class-actions based on the aforementioned especially for US-listed companies such as RIM. Maybe it's finally time for a shareholder revolt?
Bull G