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>company has reserves to run for another five years >goes

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>company has reserves to run for another five years
>goes ahead and files for bankruptcy, all shares lost all value
>in the bankruptcy proceedings, they are bought out

The company that just bought this company did so at an extremely unfair price, fucking over all shareholders. Isn't this illegal?
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>>1402830
fucking should be
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>>1402830
Don't the shareholders have to agree to file for bankruptcy, seeing that they - you know - own the fucking company and all.
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>>1402859
considering the share class im holding, i should have first dibs on anything that happens. im also going to have to talk with my broker because something's different and i feel they fucked me on this position, as well.

never trade with scottrade.
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