Braden McCurrach

Cadwalader, Wickersham & Taft LLP

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M&A Update: Delaware Court Upholds Sotheby’s Poison Pill Defense Against Activist Citing “Negative Control” As A Corporate Threat

In a May 2, 2014 ruling relating to activist hedge fund Third Point LLC’s proxy battle with auction house Sotheby’s, the Delaware Chancery Court found that Third Point was not likely to succeed in its argument that the...more

5/6/2014 - Board of Directors Class of Stock Fiduciary Duty Hedge Funds Shareholder Rights Sothebys Third Point

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