Over at the Daily Beast, UNLV law professor Benjamin Edwards presents a fun little argument that demonstrates how painfully stupid Republican Florida Governor and floundering presidential candidate Ron DeSantis is, given that he’s a Yale Law School alumnus. Edwards tears into DeSantis’s claim of dereliction of fiduciary responsibility that would need to be the basis of the lawsuit the Florida Man is threatening against Bud Light’s parent company, noting that any such lawsuit would have to show that the board of directors disregarded explicit warnings of a potential disaster from one social media outreach from one marketing effort for one brand of the international conglomerate AB InBev–a task so far removed from the duties of board members that any such claim would be laughed out of court.
As Edwards points out, though, even if DeSantis throws the entire quiver of resources of the Florida taxpayer-paid legal team at the lawsuit, the financial return would be minimal. If the Florida argument prevails–which is virtually impossible–and the lawsuit nets a $50 million penalty against the company, the amount of the award gets split among all the shareholders. AB InBev has more than 2 billion shares outstanding; the Florida Pension Fund holds about 600,000, or 0.03%. If the Florida lawyers spent all their resources to win the case, they would net a pawltry $15,000.