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| Michele pulled into the driveway after a harrowing day. She had finally been able to come to an agreement with opposing counsel as to the terms under which her client would purchase the remaining 7% of the outstanding preferred stock which would give him operational control of Delta Publishing, a small but growing publishing house which had just effectuated its Initial Public Offering just a few months previously. Her client, William Roth, an aggressive local investor, had decided to go after Delta too late after the IPO had been affected to get control. Most of the stock had been swallowed up by institutional investors, so a series of purchases on the open market was not feasible for Roth to take control of the company that way. He therefore retained Michele to make arrangements to convince these investors' agents to agree to a quick sell to Roth for an immediate profit. But an earnings report would be released Monday. If it showed strong earnings growth, as Roth was convince...
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