It's possible a claim could be made for a corporate law violation here
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Like, they're promoting a political agenda that's detrimental to the shareholders. At some point sacrificing shareholder value for political ends has to be a violation of duty to shareholders.
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Replying to @HbdNrx @Vernon1776
While that's true, it's a losing case. That approach is predicated on breach of fiduciary duty, which is almost impossible to prove. That's why I suggested going with a minority oppression suit, which has a much lower bar to hurdle.
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Replying to @BixterN @Vernon1776
But how does censoring minority opinions become a shareholder suit?
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Replying to @HbdNrx @Vernon1776
That's the crux of the issue. All voting shareholders have certain legal rights as defined by the corporate bylaws and state law. A minority oppression claim alleges violation of those on specific grounds...
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Shareholder oppression is typically when majority shareholder conduct that substantially defeats reasonable expectations of the minority holder when he joined the venture. This is vs an objective standard.
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The other criteria is burdensome, harsh, or wrongful conduct as a lack of probity or fair dealing in corporate affairs. Actions prejudiced to favor the majority against the minority via unfair dealing. This, I think, is where the gotcha is.
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The oppressive conduct criteria are not narrowly defined.
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Replying to @BixterN @Vernon1776
I'm seeing a possible breach of duty claim still, but I don't see how censoring views on twitter amounts to suppression of minority shareholders exactly. They're not doing anything specifically to suppress shareholders, just to minority political views in general
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Replying to @HbdNrx @Vernon1776
This is where some strategic trolling can be of great value. By going to the shareholder meeting and proposing bylaw amendments and making speeches, etc. it may be possible to provoke them into doing something actionable. 10,000 minority shareholders can speak loudly.
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give us the proof of concept and you'll quickly have company
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