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What comes around, goes around...

Discussion in 'Off Topic' started by Cory Booth, Oct 16, 2010.

  1. Cory Booth

    Cory Booth Well-Known Member


    Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Delaware Chancery Court on behalf of all shareholders of Internet Brands, Inc.
    The claims asserted in the complaint arise out of the proposed transaction, announced on September 20, 2010, whereby an affiliate of the Hellman & Friedman Capital Partners VI, L.P. (the "Buyer") will take private Internet for $13.35 in cash for each share of its Class A and Class B common stock in a transaction (the "Transaction") valued at approximately $640 million.
    CurveGotti, Dragonfly and Brentnauer like this.
  2. Kim

    Kim Well-Known Member


    Such a Litigious culture.
  3. Peggy

    Peggy Well-Known Member

    Looks like IB could be in trouble. :)
  4. Brentnauer

    Brentnauer Well-Known Member

  5. T3G Silas

    T3G Silas Active Member

    When can I start buying stock in xenForo?
    Jethro likes this.
  6. haha yes when is stock of XenForo gonna be out ;)
  7. Brentnauer

    Brentnauer Well-Known Member

    Hopefully never :p Having to please your stockholders rather than your customer is part of why IB fails.
    Nick, Andy.N, Dragonfly and 1 other person like this.
  8. Forsaken

    Forsaken Well-Known Member

    I tend to agree, this time however they had a reason too.
  9. AnthonyCea

    AnthonyCea Well-Known Member

    LOL, this is standard procedure with all buy outs, law firms file suit against company directors, in this case the shareholders are lucky anyone would give them over 13 dollars a share for that piece of crap stock.

    Bill Gross of IdeaLab controls 19% of the stock and 64% of shareholder voting power through a special class of stock and he has already committed to the sell out to get out before Brisco destroys his investment, and the Board agrees with him.

    This lawsuit will get thrown out of court.

    If you were a share holder you would want out of any company Bob Brisco is running, that is a fact.
  10. Shelley

    Shelley Well-Known Member

    With IB you need popcorn every hour, on the hour.
    Jethro and Lucas like this.
  11. AnthonyCea

    AnthonyCea Well-Known Member

    The story is funny enough to make a comedy movie out of.

    Do you think Brisco could play a muffin ?
    jonsidneyb and Shelley like this.
  12. Lucas

    Lucas Well-Known Member

    Ouch! That's really got to hurt.
  13. Peggy

    Peggy Well-Known Member

    Shelley likes this.
  14. jonsidneyb

    jonsidneyb Well-Known Member

    I am going to assume this is one of those cases where English in one location does not match English in another.

    Muffin, a flour based product what is sweet and consumed for breakfast?
  15. Nasr

    Nasr Well-Known Member

    When your stock owners go after you, that's when you know you're doing something wrong. I honestly hope that IB loses both cases against XenForo and against its stockholders. Just for the simple fact that they dont want anyone else to make a living beside their own-selfish-money-hungery-selves.
    Peggy likes this.
  16. AnthonyCea

    AnthonyCea Well-Known Member

  17. Lucas

    Lucas Well-Known Member

    Like if it was something new on corporations. :)
  18. AnthonyCea

    AnthonyCea Well-Known Member

  19. jonsidneyb

    jonsidneyb Well-Known Member

    I see...

    This is interesting. They should hide from the guys in white coats.
  20. AnthonyCea

    AnthonyCea Well-Known Member

    Well, a man that is brilliant and who has a mind focusing on code all the time needs an outlet to stay sane.
    Jamie likes this.

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