4 Tips For Staving Off A Second-Bite Proxy Contest


A recent surge in shareholder activism was punctuated by a landmark 2013 proxy season with bigger-than-ever targets and tougher tactics that left boards scrambling. But as companies sharpen their focus on the coming year, experts suggest they stay vigilant to avoid second-bite plays from familiar faces.

Companies are increasingly finding themselves in second-bite proxy contests, winding up in an activist's crosshairs again. Most frequently, it's the same rebel shareholder that strikes twice, but sometimes new players emerge to launch the second proxy battle.

Originally published in Law360 on December 05, 2013.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Proxy Contests, Shareholder Activism, Shareholder Litigation, Shareholders

Published In: Business Organization Updates, General Business Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »