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The Good The Bad and The Ugly
#1

The good news is if you did not vote yes then you objected to the deal and and you can claim harm and most likely collect .

You could have dissented and your dissent will be heard in a very favorable court to your dissent . Their is a possibility you could collect substantial sums based on the Paradigm Capital work . The courts stated the deal substanially undervalued the assets . Pretty strong statement and bodes well for success. Cost to you is zero Exxon pays.

You could have not voted or voted no without dissent . Because you did not vote yes and accept the deal you can prove harm . you cannot collect as a dissenter but can be part of class action law suit and not be kicked out by Exxon because you accepted the deal with a yes vote . Cost to you zero . The lawyer is paid 1/3 rd of what they collect .

The Bad if you voted yes for any reason you can not collect any dollars from a dissent action or from a class action law suit because you voted yes . You will receive Exxon shares which easily could drop $10 a share with all the selling . And holding on to Exxon with its valuation and assets is a poor long term situation . Tough spot to put yourself .

The Ugly - Everyone as in all shareholders are getting nailed here . Very sad

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#2

Your forgot dumb and stupid (most of your posts and all your legal advice).

https://www.youtube.com/watch?v=QDvQ77JP8nw

"And maybe someday we will find , that it wasn't really wasted time"
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#3

jft310 wrote:

The good news is if you did not vote yes then you objected to the deal and and you can claim harm and most likely collect . 

*********

"Most likely"?  It astounds me that anyone (especially someone who has heard the criticisms) would ever consider writing those words.  Zero accountability or self-awarness...

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#4
The whole post is fraut with confusion and overstatements as well as omissions. For instance, someone who sold their shares, especially recently, would also be a party to class action.

If someone has the chance of collecting "substantial sums" that chance must be near zero if he decided not to dissent. That does not "bode well for success (which is not defined).

Exxon shares could "easily" drop $10, but they might not, and just because you don't like this deal it does not make Exxon a "poor long term" investment. Exxon has an excellent long-term history of dividend payments andd performance. They have taken a recent hit along with many other E&P companies, but are rated by some (S&P, Morningstar) as a hold and another as a Buy, as well as others who rate them a Sell. Very mixed concensus, but hardly a unanimous "poor".

And not "all" shareholders are "getting nailed here". A good number of investors bought IOC in the $20s, $30s and even low $40s. My guess is they are at least happy.

Once again two many empty, oversimplified and baselesss points make for unreliable and unuseful "advice".
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#5
Exxon is involved in a lawsuit now . That same firm has agreed to take on our case . A class action law suit to include those that have not agreed to the current deal . If you voted no or did not vote at all you can participate . Those that voted yes agreed to being harmed in the deal and Exxon will kick them out with a court challenge. If you dissented and accept the Exxon offer you will also be removed by Exxon with a court challenge .
The amount of harm is estimated at $80 per share by one source or $3 Billion in harm .
The law firm listened to the applicant , did there own DD and agreed to take the case on a contingency basis . The firm will collect 1/3rd of any proceeds . These things take time these class action law suits . Expect 1 1/2 to 2 years as an estimate .
These is not like the Exxon Valdez where there was environmental damage, This law suit simply looks at what was promised over and over again and what was delivered .
Yes Exxon had incidents of ownership in the MIC and is fully on the hook for whatever damages are awarded per the lawyers . A US law suit.
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#6
Any idea what time period is being considered? Would you have to own at the merger close to be included? How long would you have to have held the shares?
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#7
Most class action suits state that if you were a shareholder between x and y dates, you are eligible to participate. I doubt you will have had to own shares right up until the point when IOC shares were swapped out.
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#8
The lawyer states if you accepted the Exxon deal you accepted the harm. He states Exxon will ask the courts to remove your participation. Those that sold before the deal and were harmed could possibly be included is my non legal opinion.
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#9
Not so. If one sold any time during the class period you can prove damages and participate in class action lawsuit. You constantly focus on people holding through the deal. As stated many times I sold prior to deal closing. Standard class action law applies.
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