oatmeal#NCPPR is not a concerned shareholder. They're a #KochBrothers-backed conservative group that bought a handful of #NYT shares so they could sue. A court already threw out the same tactic against #Starbucks: #NCPPR wasn't protecting investors, it was "advancing its own political agenda" with "obvious vindictiveness."
The #JPost article frames them as accountability watchdogs:
[…] "The purpose of the demand is to investigate whether the company's board of directors and senior management have upheld their fiduciary duties" … "It is instead seeking to investigate possible corporate mismanagement, inadequate oversight" … "Mostly, the inspection of the processes is of great shareholder concern, especially for financial reasons."
#NCPPR owns maybe 56 shares. A court already ruled they use lawsuits to push politics, not protect investors. They brought in a tiny Jewish advocacy group (#NJAC, ~$11K annual budget) for the optics.
Their own lawyer admits a defamation suit "would likely fail." They're using a US law called Section 1782 - which lets parties in foreign lawsuits compel US companies to hand over evidence. Israel files a weak defamation case, then uses 1782 to force the #NYT to produce everything: notes, sources, names, photos, medical records.
https://www.jpost.com/diaspora/antisemitism/article-897873
#ncppr #kochbrothers #nyt #starbucks #jpost #njac #gazagenocide #israel #palestine #christianzionism
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