Submitted by Environmental_Log344 t3_112j1fa in Connecticut
AhbabaOooMaoMao t1_j8pm2gh wrote
Reply to comment by Environmental_Log344 in Stone Academy Closing?? by Environmental_Log344
The directors and officers of a corporation owe a fiduciary duty to shareholders, not to customers. If the directors or officers do something unreasonable and tank the corporation's value, the shareholders or ownership can sue the directors or officers for the breach of duty. That could include revealing information that would benefit customers to the company's detriment.
They might also screw their workers by closing the doors without notice and then not issuing final paychecks or honoring other compensation obligations.
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