The Securities and Exchange Commission (SEC) in a 3-2 vote on Wednesday, September 23, 2020, adopted amendments to the eligibility requirements for submitting shareholder proposals to be included in a public company issuer’s...more
In the wake of COVID-19, global stock prices have plummeted. Yet, the current depressed state of the markets may distort the long-term outlook of many businesses. Hostile bidders and unwelcome activists may capitalize on this...more
In High River Ltd. P’ship v. Occidental Petroleum Corp., No. CV 2019-0403-JRS, 2019 WL 6040285 (Del. Ch. Nov. 14, 2019), the Court of Chancery of the state of Delaware recently refused to hold that Section 220 books and...more
2/19/2020
/ Board of Directors ,
Books & Records ,
Breach of Duty ,
Corporate Governance ,
Delaware General Corporation Law ,
Duty of Loyalty ,
Fiduciary Duty ,
Section 220 Request ,
Shareholder Litigation ,
Shareholder Rights ,
Shareholders
As we all know, 2014 is shaping up to be one of the most vigorous years for activist investing. Certain activists have generated solid returns for investors and pension funds and other institutional investors are becoming...more
This proxy season, several companies filed suit against shareholder activist, John Chevedden, challenging his shareholder proposals. Three companies, Omnicom Group, Inc., Chipotle Mexican Grill, Inc. and Express Scripts...more