I mentioned the 25 just out of shock that those few were responsible for the entire meltdown. I figured those at the very top (CEO and others?) were the ones who kept the 25 “off limits.”
I know Enron was fraud. In this case, with the risk management team forbidden to monitor the 25, I just wondered if shareholders would consider that enough for a lawsuit.
Again, I’m just asking to understand the situation better myself. These are questions I have after hearing the testimony. But not knowing business law myself, I thought I’d get answers here.
It depends on whether or not the stockholders were informed about the risks the company was taking on. Nothing you have posted suggests that you have seen a report that this 25 were hidden from the stockholders.