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Originally Posted by ELA
I don't think the "20%" problem is a problem at all. The "plaintifss" interest -- they have lack of control, a minority interest, lack of marketability, etc. -- all reasons that their interest is worth less than 20% of whatever Curlin is worth. The sum of the parts is not equal to the sum of the whole in this particular case.
The plaintiff's have lost every motion they've made before the court, will not be able to force a liquidation or buy out and can scream shareholder suppression from the highest mountaintops. I don't understand how the potential litigation affects anything. They are along for the ride. I don't see it any different. Jackson has more than enough money to litigate.
I did wonder why the others sold out. I don't think your theory or something similar is that absolutely unbelievable or impossible. There might be "claw backs" or something, residuals, etc. Sanan especially could have negotiated shares, seasons, etc.
Eric
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George Bolton got out simply because of the risk of running the year v. the lucrative financial reward. Can't say about Sanan.
And the plaintiffs have NOT lost every motion they've filed. Expect Angela Ford back on ATR this week..
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