Ask Jeeves Sued For Not Selling High Enough

from the shareholder-suits dept

What's an acquisition these days without some sort of shareholder lawsuit? It seems to come with the territory, and already someone has sued Ask Jeeves for accepting too low a bid, despite the offer representing a 17% premium -- and the ability for anyone who wants to step in at a higher price to make a bid. It's yet another shareholder lawsuit just because it can be done, in the hopes of maybe scoring some cash if somehow the shareholders win.