While I don't dispute anything you're saying, I can also say that in lawsuits like this, it's pretty typical for the plaintiff to generally trump up the role/abilities of the defendants in the suit to try to maximize damages.

That happened to me. I was involved in a suit during the dot-com-bust (I followed my former manager to his startup - they wanted to shut us down), and my role was inflated from worker bee who wasn't on any projects to a senior level manager type with fiduciary responsibilities. That was news to me, because had I actually had that type of role, I probably wouldn't have left in the first place.

Like the blog author says, the truth is probably somewhere in the middle.