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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

TSX:TID - Post Discussion

Tuscany International Drilling Inc > Can we sue Walter?
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Post by khaledb on Feb 05, 2014 6:21pm

Can we sue Walter?

IMO ... We can also sue Walter for giving wrong informations about the real situtation of the company ( in the last CC, emails. etc ....)
 In some cases the CEO could  be forced by the judge to pay some amount to the common shareholders.
Comment by sherbrooke1 on Feb 05, 2014 6:39pm
This post has been removed in accordance with Community Policy
Comment by pennywyse2 on Feb 05, 2014 6:40pm
Yes, that's what the Shareholder Class Action discussion is about. In fact the shareholders can sue all of the Directors and Officers (D's & Os)jointly and severally (ie as a group and individually). The Board of Directors of a company has to approve the financial statements and "managements discussion and analysis" (MD&A) which is also filed at the same time as the ...more  
Comment by sherbrooke1 on Feb 05, 2014 6:48pm
This post has been removed in accordance with Community Policy
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