EMC shareholders slap biz with class action suit

A class action suit has been launched against EMC by shareholders opposed to the $67bn (£48bn) acquisition of the company by Dell. The filing was made against EMC in a Massachusetts district court on Friday. No further details of the complaint were available on the court's filing site. Last week a suit was brought in a state …

[Big Wiggle]

Lawyers need their cut

While I believe this deal is going to go through, it represents a really shitty deal for EMC stock holders. The tracking stock Dell is issuing on their VMware shares is a load of horseshit that is sucking value away from share holders. Who the fuck really wants a devalued tracking stock that has absolutely no voting rights.

Anyways, these class action suits usually just get lawyers a shit load of money from their billable hours. They really don't give a shit about stock holders either.

[Camilla Smythe]

Shareholders... Hah. Hah Hah....

Last in Line. Buh-Bye. That is all.

[A Non e-mouse]

Newsflash!

Shareholders angry that they haven't made an obscene amount of money.

Film at 11.

[Mark 85]

Shareholders didn't make enough money?

Just curious, especially since Elliot Management is involved. Maybe the shareholders think it's worth twice as much?

[allthecoolshortnamesweretaken]

Re: Shareholders didn't make enough money? / Twice as much

If they have/had stock in HP, maybe?