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Yahoo Sued for Spurning Microsoft
tuxgeek writes "In the continuing saga of Yahoo resisting a Microsoft buy out, Yahoo is now being sued by its shareholders. 'Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp. The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit's police and fire retirement system and general retirement system, as well as 'all other similarly situated public shareholders.'"
Err, you can do that anyway. It's called "selling Yahoo and buying Microsoft." Surprisingly, this can be done without mergers taking place.
What you're actually crying about is "I didn't make as much money as I could at this instant" which should be met with scorn and ridicule because the stock market is simply legalized gambling. There is no guarenteed return on your investment. In fact, brokers make sure you're aware of the point that You Can Lose Money and you're not getting it back.
ROFL @ a law student pontificating on legal matters. Tell us about the rule against perpetuities, Shelley's case, and all the other shit you learned that has no relevance to real practice while you're at it. I think I'll wait for a practicing corp. M&A lawyer to chime in on this- preferable from V50 on up.
Yahoo is being sued by it's shareholders.
Falcon Sorry Falcon, your wrong.
Yahoo is being sued by its shareholders.
It's is a contraction of "it is" or "it has."
Its is the possessive form of "it."
The confusion between it's and its occurs because on virtually every other word 's indicates possession, so English speakers naturally want to use it's to mean "something belonging to it." But it's is only used when it's a contraction of it is or it has.
The ironclad rule - no exceptions - is that if you can replace the word with "it is" or "it has," use it's. Otherwise, it's always its.