M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Friday, June 1, 2012

Shark attack

The Economist has a piece on the issue of transaction-related litigation that's worth reading (here).  It starts with that gem of a Vonnegut quote from God Bless You Mr. Rosewater that Ron Gilson used in the introduction to his article on Value Creation:

In every big transaction, there is a magic moment during which a man has surrendered a treasure, and during which the man who is due to receive it has not yet done so. An alert lawyer will make the moment his own, possessing the treasure for a magic microsecond, taking a little of it, passing it on.

The Economist editors leave out the best part, which comes immediately after: 

If the man who is to receive the treasure is unused to wealth, has an inferiority complex and shapeless feelings of guilt, as most people do, the lawyer can often take as much as half the bundle, and still receive the recipient’s blubbering thanks.

Half!

-bjmq

http://lawprofessors.typepad.com/mergers/2012/06/shark-attack.html

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