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Catchword for “bump up suit”
Catchword: bump up suit
Filed Under: , , ,
Part of Speech: n.
Quotation: Referring to the shareholder lawsuits filed earlier in the drama, LaCroix said those cases alleged that the deal wasn’t rich enough. These are called “bump up” suits, he said, and they are common because if and when deals close higher than their starting price, plaintiffs can argue that their action benefited shareholders and that they should therefore be rewarded by at least having their attorneys” fees paid.
Article or Document Title:
“Yahoo stock plunges 15% on busted deal” (URL)
Author:
Verne Kopytoff, Tom Abate
Article, Document, Publication, Web Site:
San Francisco Chronicle
Date of Publication:
May 5, 2008
This catchword has yet to be researched.
Posted 9 May 08 | Permalink | Tell a Friend

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