[stevenae]

Thank you for the info. I am curious: is there a corollary, by which minority owners could sue majority ones, for lost profit? I suppose the key caveat to my argument earlier is that one must have standing to sue: if owners disagree (board decisions need not be unanimous), is there valid standing to sue.

[jogjayr]

If there is, then wouldn't there also be a corollary that allows minority owners to sue for not focusing on <whatever they care about>?

[stevenae]

Are you referring to the idea of "everything is securities fraud"?