Almost never. The whole "companies have to maximise shareholder value or the board will get sued" thing isn't really true.
Shareholders get to vote for the board and they have a broad range of statutory protections that ensure company accounts are audited, compensation arrangements are disclosed, etc. But as far as a general right to make money? Nope. You'd only have a chance with that kind of lawsuit if the board made an obvious, colossal blunder that should have been obvious to anyone at the time.
Shareholders get to vote for the board and they have a broad range of statutory protections that ensure company accounts are audited, compensation arrangements are disclosed, etc. But as far as a general right to make money? Nope. You'd only have a chance with that kind of lawsuit if the board made an obvious, colossal blunder that should have been obvious to anyone at the time.