The Nature of the Lawsuit

The company ran out of shares to issue in their certificate of incorporation. So they tried to go to the stockholders and say, hey, we'd like to just issue a few more shareslike a big deal like 550 million more shares. And stockholders were like, no, you're not going to dilute our holdings by just adding,. You know, we've got this pot and you want to just break down that pot into more pieces. And so there's a rule that says, the current rule says you need a quorum, you need a minimum number of voting stockholders to do that kind of a change.