the wording in the statement - "The Statement of Claim alleges among other things that the Company was subject to
obligations to do all things as were reasonably necessary to seek to have the Test satisfy the milestones
by the expiry date and not to deprive the plaintiffs of the opportunity to have each of their Performance
Shares convert into one ordinary share in the Company".
I'm no lawyer but I would think the company has to balance multiple obligations to many stakeholders - that is 'reasonable' and probably legally required...in doing so it needs to make a number of commercial decisions in the best interests of those stakeholders. I think IFF and Walker will struggle to prove the company failed to 'do all things as were reasonably necessary' within the broader context of running the business.
Sounds like a couple of super greedy people here...
Ann: Commencement of Legal Proceedings Against BARD1, page-35
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