51% of the bond holders voted for the deal approval which denied the 49% their legal right. This was not a situation where the majority of the bond holders could dictate the conditions to the minority bond holders. This seems to me to be a violation of the law. As a bond holder you have a contract and an outsider cannot come in and change the terms of your contract with out your approval. 49% did not approve the deal, therefore they were given the shaft.