>>Suits like this if successful, take money from the stockholders, who have already lost value due to bad management,
The lawsuit specifically targets the board of directors and attaches their personal assets to reimburse the shareholders for their loss.
That’s interesting. How do the plaintiffs around the fact that corporations indemnify the board members and officers for their actions other than literal crimes? Corporations also normally have D&O insurance policies to backstop such indemnification. It’s very hard to prevail in anything like this.