TSXV:KUR.H - Post by User
Post by
iceman20xxon Feb 11, 2010 3:14pm
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Post# 16776849
Class Action Lawsuit best course of action
Class Action Lawsuit best course of actionThere is a group of shareholders investigating recent pay 17M+
Failing positive action like directors giving back some money class action lawsuit is the way to go.
TSX only concerned with disclosure rules, well they disclosed they paid themselves 17M
OSC looking for wrong doing they can't justify whether 1M or 5M is excessive.
Legally you have a case.
Directors have a fiduciary duty to look out for shareholders interest. same with CEO
they clearly abused their powers for self interest. self dealing.
they mislead shareholders about the spectrum worth.
etc...