WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%.

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In a proposed class action filed this week in San Francisco Superior Court, former WeWork employee Natalie Sojka accused the company’s board of directors of breaching its fiduciary duties to minority shareholders like her.

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Though shareholder lawsuits are often associated with publicly traded companies, WeWork’s private status “has no bearing” on the merits of a case, said Michael Klausner, a corporate law and governance professor at Stanford Law School.

He also said a self-dealing claim “is something a court will look at very carefully, and can be difficult for defendants to dismiss.”