Prominent corporate lawyer Martin Lipton says that settling might be the better way to go for DuPont and other companies battling against activist shareholders.
On March 25, 2015, in a unanimous vote, the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) approved final rules to create a new avenue for certain issuers to raise capital in transactions exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Martin Lipton, founding partner of Wachtell Lipton Rosen & Katz and longtime champion of management and target boards, told his clients Thursday to consider settling with activist investors instead of engaging in drawn-out battles with them.
The Long-Term Effects of Hedge Fund Activism via SSRN Lucian A. Bebchuk Harvard Law School; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR) and European Corpora
The dean of activist defense is warning companies that it might be be better to settle with activists than fight, given what’s going on at DuPont Co.DD+1.24%
The ISS Report on the DuPont-Trian proxy contest calls attention to a number of important insights into ISS policies and practices and those of many of its institutional investor clients. Concomitantly, these policies illustrate the realities of the sharp increase in activist activity and the steps corporations can, and should, take to deal with the activist phenomena.
A movement is growing among commentators in the academy, the bench, and the bar that sees short-term shareholders — especially activist institutional shareholde
SINGAPORE: Venture capitalist Eugene Wong is a firm believer in strong corporate governance. The managing director of Sirius Venture Capital advises companies to choose their directors wisely as having a solid board of directors will increase a company’s chance of attracting investors. This is important if it wants to raise money for expansion. “Investors want transparency. Good governance helps to bring that up. It also means bringing in the best person available to become a director.
In unsuccessfully seeking rehearing in United States v. Newman, 773 F.3d 438 (2d Cir. 2014), reh’g denied, Nos. 13-1837, 13-1917 (2d Cir. Apr. 3, 2015), the Government acknowledged that the Second Circuit’s recent decision in Newman “will dramatically limit the Government’s ability to prosecute some of the most common, culpable, and market-threatening forms of insider trading,” and “arguably represents one of the most significant developments in insider trading law in a generation.”
Today, as part of a series of Congressionally-mandated rules to promote corporate accountability, we consider proposed rules to put a spotlight on the relationship between executive compensation and a company’s financial performance. It is well known that the compensation of corporate executives has grown exponentially over the last several decades, and continues to do so today.
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