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by jgalt212 4093 days ago
When Green Dot acqui-hired Loopt, Mike Moritz was on both boards.
1 comments

Did they regret the transaction? Did any of Green Dot's minority shareholders sue Green Dot or mr. Moritz?
I was a Green Dot shareholder at the time and I regretted the transaction.
So what did you do about it?
I complained about it here on HN.
That's probably not the most effective venue.

If something like this ever happens again make sure that you make your objections known before the deal goes down, have them register your objection and reason during the shareholder meeting (you won't be able to block the deal from going through) and make it known that if you ever feel that you have been disadvantaged by the deal that you will sue for compensation (and follow through on that if push comes to shove).

As a minority shareholder you have rights, but you will have to stand up for them and push the proper levers at the right time.

Consult a lawyer in your local jurisdiction for the exact detail around the procedure and your options.