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re: Elon Musk is dumping 43 Billion Into Twitter in a Hostile Takeover
Posted on 4/14/22 at 8:30 am to LSUFAITHFUL
Posted on 4/14/22 at 8:30 am to LSUFAITHFUL
Well I'll go buy some just so I can sue their butts if they say no.
Posted on 4/14/22 at 12:44 pm to aubie101
quote:
Well I'll go buy some just so I can sue their butts if they say no.
I actually thought about buying like $500 worth. Plaintiffs lawyers would crawl all over this. As long as they have one named Shareholder, they can sue on behalf of all Shareholders. They’d get a big contingency fee. It’s almost like a class action. There’s a cottage industry of plaintiffs attorneys that challenge failed sales and sales that are approved by the board. In either case, they argue the board didn’t get enough value for the shareholders. It’s really just an extortion deal by plaintiffs attorneys. And it’s pretty gross. But, I’m not mad that Musk is putting the board in this lose/lose situation. I’ll welcome the plaintiffs attorneys circling this deal like vultures.
This post was edited on 4/14/22 at 12:48 pm
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