I'm not a lawyer, is it novel that someone's suing a corporate officer for breach of fiduciary duty as a result of trying to make the most money possible for shareholders?
Obviously that's strange for a non-profit, but when you hear of a breach of fiduciary duty suit it's usually because someone didn't do something to make more money, not less.
It almost feels more like an accusation of fraud than breach of duty.
That philosophy doesn't really exist in legal terms when you have a for-profit corporation. There are B-corporations (eg Anthropic) which try to balance those goals, but I'm not sure there's a ton of existing law around that.
Obviously that's strange for a non-profit, but when you hear of a breach of fiduciary duty suit it's usually because someone didn't do something to make more money, not less.
It almost feels more like an accusation of fraud than breach of duty.