Sat, Jul 12, 2014, 1:53 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Berry Petroleum Company, LLC Message Board

  • navkram navkram Feb 26, 2013 3:53 PM Flag

    Has Anyone talked to any of these lawyers?

    The first step for the law firms is finding enough shareholders to complain. Then the corrupt lawyers argue against each other to determine who gets class action. Then if they can meet the low hurdle suggesting there is a case the lawyers get to dig around BRY for evidence. BRY hired top notch investment bankers, so there should be no case, but if anything incriminating can be found they get to blackmail BRY management for all they can get. Typically the lawyers get tens of millions and the shareholders get pennies. If the lawsuit costs a significant amount the buyer can walk for failure to perform (they are not getting all they agreed to buy) or renegotiate the price down. I don't recall any case where shareholders got more out of a lawsuit against the board.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Potbelly Corporation
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT
ACI Worldwide, Inc.
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT