This is dumb and obviously won't work. I don't expect random shareholders to know better, but what about their lawyers? Why is it okay for their lawyers, who should know better, to waste their clients money and harass these executives with a lawsuit that they know is baseless?
That happens all the time. The lawyers make money, which is why they do it.
Not just lawyers, either. I suspect a great many of us were ordered to work on projects that we knew were “dead man walking” disasters, because our bosses ordered it.
I understand the motive of the lawyers, but why do the law and the licensing bodies allow them to get away with this? If a dentist gets caught drilling healthy teeth he'll be sent to prison, or at least lose his license. Baseless legal threats may not be bodily harm, but on many occasions they've driven people to suicide. Lawyers are utterly lawless.
