Talisman Mining Ord Shs TLM

RE:RE:RE:Lots of Day After News Comments

[bxju]

Digitalsierra wrote: Lawsuits and trash talk are typical for any large buyout/acquisition.  Why would long term US investors be hurting more than long term Canadian investors?  More prone to litigation, I can understand.

These US law firms sue for far more than these deals.  I own a little Pretivm, last year their 2 consultanting firms disagreed over the methods used to ascertain their resource.  Just on that news over 20 US lawfirms filed suit that PVG mgt was misleading shareholders.  No lawsuits were filed in Canada and in fact most in Canada did not even know of any pending litigation.  PVG did a bulk sample that exceeded expectations, so it proved that the consulting firm Snowden who wrote the resource report was on target and these lawsuits disappeared. I see already today more US law firms piling on to sue TLM mgt, many of the same names who were suing PVG mgt.  This is one reason why costs for many things, such as medical care and prescription drugs are so much more costly in the States.  Companies have to factor in the expected litigation costs. 

I do not see how they can even sue now, since deal is not scheduled to close for many months and a clause is in the deal that allows TLM to accept offers from others and a clause to pay Repsol a large sum if someone else ends up with the deal..  I am betting that the directors who did not pledge shares were Icahn's directors.