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Settlement Proxy Contests

Stinson - Corporate & Securities Law Blog

Settlement with an Activist Investor is not a Defensive Measure

A recent case decided by the Delaware Court of Chancery, In Re Ebix, Inc., held settlement with an activist investor, Barrington Capital Group, L.P. was not a defensive measure subject to scrutiny under Unocal. Ebix entered...more

Cooley LLP

Blog: Are Companies Now Quicker To Settle With Hedge Fund Activists?

Cooley LLP on

According to data collected by Reuters, companies are settling with hedge fund activists “at the fastest pace since the financial crisis. The average number of days it takes companies to reach a settlement with activists...more

Morrison & Foerster LLP

Activists Increasingly Seek a “Second Bite at the Apple”

Morrison & Foerster LLP on

In recent proxy seasons we have noticed an increase in the frequency of “second bite” proxy contests. These situations can take various forms, including (i) a second proxy contest by an activist that reached a settlement with...more

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