Suit filed against ABB-Baldor deal; l...

Suit filed against ABB-Baldor deal; law firms announce investigations

There are 3 comments on the 5News KFSM story from Dec 2, 2010, titled Suit filed against ABB-Baldor deal; law firms announce investigations. In it, 5News KFSM reports that:

A lawsuit has been filed by a Little Rock-based firm challenging the planned buyout of Baldor Electric by ABB, and no less than 11 law firms around the country have said they are investigating the $4.2 billion deal.

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baldor worker

Van Buren, AR

#1 Dec 2, 2010
That may be true. I know somebody that got his stock options in and the person that gave it to them said to hold on to it because something big is fixing to happen. Hmmmm.

Van Buren, AR

#2 Dec 2, 2010
Since when do law firms do investigating unless they are being paid by a client?

Looks to me like they are acting like "ambulance chaser" lawyers looking for payoffs.
non-union worker

Fort Smith, AR

#3 Dec 2, 2010
that would be insider trading, which is highly illegal

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