bump up suit
 n.— «Referring to the shareholder lawsuits filed earlier in the drama, LaCroix said those cases alleged that the deal wasn’t rich enough. These are called “bump up” suits, he said, and they are common because if and when deals close higher than their starting price, plaintiffs can argue that their action benefited shareholders and that they should therefore be rewarded by at least having their attorneys” fees paid.» —“Yahoo stock plunges 15% on busted deal” by Verne Kopytoff, Tom Abate San Francisco Chronicle May 5, 2008. (source: Double-Tongued Dictionary)

Tagged with →  

This site uses Akismet to reduce spam. Learn how your comment data is processed.