http://hostessbrands.info/ wrote:
The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the Company’s largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company’s ability to produce and deliver products at multiple facilities.
I wonder if the shareholders of
Hostess Brands could sue the
BCTGM Union for damages, since the union is directly responsible for the
"nationwide strike that crippled the Company’s ability to produce and deliver products at multiple facilities".
Shareholders have successfully sued for lesser reasons.