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Law Firm Seeking Clients for Lawsuit Against KCS Board

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Law Firm Seeking Clients for Lawsuit Against KCS Board
Posted by beaulieu on Wednesday, May 26, 2021 10:33 AM

The law firm Bragar, Eagel & Squire PC is seeking clients for a potential lawsuit against the KCS Board for failing in its fiduciary duty to KCS shareholders in connection with the CN deal. What that failing could be, I have no idea.

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Posted by Overmod on Wednesday, May 26, 2021 10:54 AM

Probably some part of it is in approving the CN deal after agreeing to the CP deal before the issue could be discussed and voted on at the annual meeting.  And it's probably too late to organize a proper proxy fight before then...

I'd also... just on paranoia grounds... see who TCI uses as their American legal representation...

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Posted by Erik_Mag on Thursday, May 27, 2021 11:35 PM

I woder how much of any settlement will end up in the hands of the shareholders as opposed to the lawyers?

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Posted by caldreamer on Friday, May 28, 2021 8:09 AM

It will really not matter.  STB chairman Oberman has thrown cold water on any future mergers.  So the lawyers are going after the "money" since they cannot find any amulances to chase.  Don't  hold your breath waithing for this merger to take place.

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Posted by Flintlock76 on Friday, May 28, 2021 8:50 AM

caldreamer
So the lawyers are going after the "money" since they cannot find any amulances to chase. 

Oooooo, cold!  But probably true.

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Posted by beaulieu on Friday, May 28, 2021 8:55 AM

And now another law firm has joined the party.

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Posted by CMStPnP on Friday, May 28, 2021 10:51 AM

beaulieu
The law firm Bragar, Eagel & Squire PC is seeking clients for a potential lawsuit against the KCS Board for failing in its fiduciary duty to KCS shareholders in connection with the CN deal. What that failing could be, I have no idea.

Case will be dismissed.    Their web page indicates the lawsuit was filed entirely on speculation as a fishing expedition.    See here....

https://www.bespc.com/cases/ksu

 

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Posted by BaltACD on Friday, May 28, 2021 12:00 PM

CMStPnP
 
beaulieu
The law firm Bragar, Eagel & Squire PC is seeking clients for a potential lawsuit against the KCS Board for failing in its fiduciary duty to KCS shareholders in connection with the CN deal. What that failing could be, I have no idea. 

Case will be dismissed.    Their web page indicates the lawsuit was filed entirely on speculation as a fishing expedition.    See here....

https://www.bespc.com/cases/ksu

Straight from the law offices of Dewey, Cheetham & Howe.

Never too old to have a happy childhood!

              

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Posted by Flintlock76 on Friday, May 28, 2021 12:31 PM

Anyone remember a TV show from the 1980's called "LA Law?"  A good show, very enjoyable, sharply written and produced with a great ensemble cast. 

Anyway, after the show had been on for a while there was a "TV Guide" article featuring several prominent attorneys and what they thought about the show.  The only comment I remember was one from F. Lee Bailey.  He liked the show and thought it was very authentic in showing how a big law firm operated.  Except for one thing.  I quote:

"They don't show the money-grubbing."

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Posted by York1 on Friday, May 28, 2021 12:34 PM

Another one is Grisham's "The King of Torts".  It's a novel, but some lawyers have told how accurate it is concerning the huge money awards.

York1 John       

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Posted by tree68 on Friday, May 28, 2021 3:52 PM

BaltACD
Straight from the law offices of Dewey, Cheetham & Howe.

Or their friendly competitors, Locke, Stocke, and Baril...

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Posted by kgbw49 on Friday, May 28, 2021 5:46 PM

tree68, I think that firm's offices are just up Grifter Avenue from the offices of Shake, Down & Gloat, PA.

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Posted by Overmod on Friday, May 28, 2021 6:12 PM

Small-timers.  For serious self-enrichment look to Roger, Futter & Swive.  

(Incidentally, the father of partner John Thomas Roger worked for Southern Pacific and was the model for a Yardbirds album cover -- proudly aware that the title was not his name but a verb.)

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Posted by beaulieu on Friday, May 28, 2021 9:12 PM

11 additional law firms have joined the queue seeking clients for potential lawsuits against the KCS Board.

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Posted by Flintlock76 on Friday, May 28, 2021 9:46 PM

beaulieu

11 additional law firms have joined the queue seeking clients for potential lawsuits against the KCS Board.

Hmmm.  Makes me wonder if law firms have buglers and they just sounded this:  

https://www.youtube.com/watch?v=zL0Q6tJ67IE

 

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Posted by LAWRENCE SMITH on Wednesday, June 9, 2021 7:39 PM

think this is usual practice in specific legal circies - a deal is announced - the specialty law firms check the SEC filings and look for holes and reasons to sue.

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