Starwalker,
The action you suggest, excluding any consideration for merit and cost, if successful would only get you back to current position that is at end of queue of ranking so what is gained?
The resolutions were put by creditors not directors, as it was voted down why would a court interfere with normal course of insolvency process, if anything it reinforces the insolvency law.
It was a big call for the minorities to say no, YA will come back with a better offer and then it will be interesting to see outcome of proxy battle.
FYI the work out to come for CMR does not prohibit any derivate action minority shareholders care to bring against directors if they wish.
Starwalker,The action you suggest, excluding any consideration...
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