Precisely.

Courts have previously upheld the following by way of breach of fiduciary duty:

1)  Use of executive position to derive profit or otherwise promote personal interest at the expense of shareholders

2)  Use of executive position as a forum for prosecuting personal vendettas against particular shareholders, and/or

3)  Use of position to show favoritism among shareholders.

I am no lawyer and obviously cannot opine confidently without all pertinent documents and facts...however, we might be looking at a case of 2 out of 3 breaches here.