Looking aheadMany seem to believe that we shareholders are going to recover little or nothing of our investments. It may be premature to accept this fate however if indeed this scenario plays out over the coming weeks or months then what recourse do shareholders have. Do we just move on or is there a possibility of a shareholder class action suit against Opti/Nexen.
For the legal experts, how and by whom would such action be initiated and what is the probabliity of success? My understanding is that management contracts usually protect executives against liablility for mismanagement unless intentional criminal fraud can be proven. While most of us agree that we have been deceived I am doubtful that litigation would be a viable or promising option, but then again what more is there left to lose. Comments.