[tazjin]

> I wonder if there are grounds for a (reasonable) legal suit here. Anyone in the know that can fill us in?

If this was this company's only revenue stream, chances are they can't survive until such a lawsuit has dragged out to the end.

[hollerith]

That's OK: then any settlement gets distributed to the ex-company's shareholders.

(Of course some entity needs to fund the lawsuit: if the company cannot, and the lawyers will not take it on contingency, then the shareholders would need to.)