After the lawsuits shut down their company and drove it into bankruptcy,
Yeah, just like Equifax! Oh, wait.
the principal board members might actually face criminal charges
Considering the vast difficulty of proving any of them knew anything about it, I doubt any AG would even try to take it to trial. If I were on the board of a company, and decided to engage in shady dealings, you can damn well bet that my lawyer would be copied on any communications, to attach privilege.
breech of contract being #1 on that list
OK, I admit that if your breeches contract, you may have something to worry about. But let's not get our knickers in a twist over it.