Comments on: Hilary Kramer, TV stock picker, and her class action suits https://www.overlawyered.com/2015/02/hilary-kramer-tv-stock-picker-class-action-suits/ Chronicling the high cost of our legal system Mon, 23 Feb 2015 01:14:18 +0000 hourly 1 By: Chaz https://www.overlawyered.com/2015/02/hilary-kramer-tv-stock-picker-class-action-suits/comment-page-1/#comment-319973 Mon, 23 Feb 2015 01:14:18 +0000 http://overlawyered.com/?p=51705#comment-319973 In a Private Equity/Venture Capital class in law school I was told that there is a race to file challenges by both opponents and sympathetic firms so as to be first in line and “get” the case – firms don’t mind the smaller claims because a quick settlement (say, of 20-30 hours of work by the filing attorney) is cheaper than a lengthy examination of their compliance with shareholder duties and prevents subsequent challenges of the deal.

]]> By: Boblipton https://www.overlawyered.com/2015/02/hilary-kramer-tv-stock-picker-class-action-suits/comment-page-1/#comment-319948 Sat, 21 Feb 2015 22:45:46 +0000 http://overlawyered.com/?p=51705#comment-319948 As a shareholder — which means someone who wishes to be a silent partner in a well-run business — I have many issues in the manner in which a lot of publicly owned corporations are run. However, until the Delaware Court of Chancery decides to look at the facts in a case instead of rolling over when management decides it can buy out the shareholders with the shareholders’ money, or Pennsylvania realizes that “community interest” consists of blackmail, we’re going to have messes like last year’s Dell takeout, offering us a weird world in which Carl Icahn is a good guy. Here’s how to increase shareholder takeaway when a company is being bought out: see what company Warren Buffett is buying, go to the option charts and sell as many naked puts below Buffett’s price as you can.

Dealing with lawyers will never make anyone money except for the lawyers.

Bob

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