Comments on: Suing Buffett, and many others, over takeovers http://overlawyered.com/2009/11/suing-buffett-and-many-others-over-takeovers/ Chronicling the high cost of our legal system Tue, 14 Feb 2012 16:26:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Bob Lipton http://overlawyered.com/2009/11/suing-buffett-and-many-others-over-takeovers/comment-page-1/#comment-77498 Bob Lipton Fri, 13 Nov 2009 13:45:35 +0000 http://overlawyered.com/?p=14711#comment-77498 As a shareholder in several dozen publicly traded corporations, I find myself more frequently feeling that the companies I own are overpaying. As for the rest of it, I don't see that Buffett owes any duty to the shareholders of Burlington Northern. If he can talk whatever supermajority is needed to sell out for a stick of used chewing gum, that's their lookout. Bob As a shareholder in several dozen publicly traded corporations, I find myself more frequently feeling that the companies I own are overpaying.

As for the rest of it, I don’t see that Buffett owes any duty to the shareholders of Burlington Northern. If he can talk whatever supermajority is needed to sell out for a stick of used chewing gum, that’s their lookout.

Bob

]]>