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QUERY: DOES RVX HAVE IMMUNITY IN THE U. S. IN RE FIDUCIARY DUTIESJUST FOOD FOR THOUGHT AND THINKING OUT LOUD; RVX SEEMS TO THINK THEY HAVE ABSOLUTE IMMUNITY FROM SUIT AND LIABILITY FOR ANY VIOLATIONS OF CALIFORNIA OR OTHER RELEVANT US LAWS, OR RULES AND REGULATIONS PROMULGATED THEREUNDER, RELATING TO POTENTIAL FAILURES OF THEIR DUTIES OF FIDELITY TO ITS U.S SHAREHOLDERS. I SUSPECT THEY MAY WELL BE IN ERROR. THEY HAVE ESTABLISHED NUMEROUS MATERIAL JURISDICTIONAL CONTACTS ( FOR DUE PROCESS PURPOSES ) IN CALIFORNIA AND ELSEWHERE, IN THE U.S. THOSE CONTACTS CANNOT BE UNDONE NOW. THEY NO DOUBT DID NOT CONSULT LOCAL COUNSEL WHEN THEY ESTABLISHED A PRINCIPAL OFFICE, SUBJECT TO A LONG TERM ( VERY EXPENSIVE ) LEASE, IN THE CITY BY THE BAY, AS WELL AS OTHER U.S. JURISDICTIONAL CONTACTS. THEY MAY FIND THAT IGNORING THEIR FIDUCIARY DUTIES TO U.S. HOLDERS IN THE MOST LITIGIOUS STATE IN THE UNION, COULD RESULT IN CONCERNS THEY MAY NOT HAVE ENVISIONED. IT IS THOUGHT BY SOME THAT THEY CAN RUN RAMPANT OVER THE INTERESTS OF THEIR U.S.SHAREHOLDERS WITH IMPUNITY; HOWEVER, THAT VIEW MY WELL BE WRONG. JUST THINKING OUT LOUD. IF RVX CONTINUES TO IGNORE THE INTERESTS, IF SAME THEY DO, OF THEIR SHAREHOLDERS, TO FULL AND PROMPT DISCLOUSURE OF MATERIAL FACTS, THEY DO SO AT NO LITTLE RISK IMHO. JUST JOKING OF COURSE. :) jk |
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