William F. Ruprecht, et al., and Sotheby’s, which, in essence, recognized that a board of directors could adopt a shareholder rights plan as a reasonable response to a threat posed by an activist shareholder....more
This week, the Delaware Court of Chancery upheld board-adopted forum selection bylaws requiring that stockholder claims against a Delaware corporation or its directors be brought in a Delaware court. A number of Delaware...more
Nature and Direction of Change -
Shareholder activism in the U.S. has increased significantly over the past several years, with activist campaigns increasingly targeting well-known, larger market capitalization...more