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by imh 3677 days ago
It sounds like they don't have to factor in the risk of others not doing their fiduciary duty, because the courts will enforce it.
1 comments

Okay, yeah, dctoedt points to the law[1] where this is described. I did not know about this law.

Interesting, though, that the courts' appraisals are trusted over the market in this case. It's sort of like an anti-crowd-dynamics protection, but only for people who vote no. Your decision over whether to vote no is influenced by your knowledge of likelihood for the total vote to succeed, as henrikschroder mentions[2].

[1]: https://news.ycombinator.com/item?id=11816921 [2]: https://news.ycombinator.com/item?id=11816784