OTCPK:ICPVF - Post by User
Comment by
Oldfart74on Jul 09, 2021 8:53pm
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Post# 33525744
RE:RE:Is There a Potential Class Action Suit by IPL Shareholders
RE:RE:Is There a Potential Class Action Suit by IPL Shareholders There will be no Class Action lawsuit - no basis for one since this matter is being adjudicated by ASC. If you had taken the time to read the info issued by IPL, you would know the full details of severance packages to executives of IPL - payable regardless of winner. Since I didn't listen to the Hearing, I can't comment on my views on outcome. There does appear to be a serious issue on the Swaps but what will the Panel decide? Revised Takeover Bid Circular? Perhaps. In any event, it is time for the shareholders to decide. I believe the Cash Offer will win.
lashing wrote: Theres a class action alright but not for the reasons you point out. How about management reveal the scret pay structure/golden parachute arrangement with PPL?
No question, IPL hid the chinese bid 2 years ago and are now selling the PPL bid hard, which is 2/3rds the chinese bid and frankly IPL is stronger today then it was 2 years ago with more certainty to Heartland.
Definitely class action coming down the pike.
bttmfischer wrote: Reading Ariahp's account of the July 9th ASC Hearing, there may have been a collusion between BMO and BF which may not have been illegal, but not really ethical and still resulted in finacial lnjury to some shareholders of IPL.
In some ways there may be a similarity between this and the tobacco companies withholding information that ended up causing health and financial injury to some smokers, for which they had to pay.
This of course is just an unfounded theory, something a class action specialist could look at.
Since BF has deep pockets, it may be worth a thought.
It could also make BF to raise their bid.