That's the analogy. Replace law with social contract relating to the Steemit. Inc ninjamine stake.
Steemit. Inc is still Steemit. Inc, only the owner changed.

Nothing stopped once Ned sold. The agreement was still valid.

I'm very confused as to how you're defending this.
He wanted to dismantle the chain, swap the token, strip away anything of value, take it to Tron and let Steem die using unfairly acquired stake.

How in the world is anyone defending this.