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Threshold Requirements Shareholder Rights

Davies Ward Phillips & Vineberg LLP

Capital Markets Tribunal Establishes New Framework for Evaluating Poison Pills

The Ontario Capital Markets Tribunal recently released its highly anticipated reasons for cease trading a shareholder rights plan adopted by Bitfarms Ltd. (Bitfarms) with a 15% trigger (15% Rights Plan). In Riot Platforms,...more

Foley & Lardner LLP

Third Point LLC V. Ruprecht; Two-Tiered Poison Pill Withstands Judicial Review

Foley & Lardner LLP on

In Third Point LLC v. Ruprecht, et al., C.A. No. 9469-VCP (Del.Ch. May 2, 2014), the Delaware Chancery Court denied a preliminary injunction challenging Sotheby’s stockholder rights plan, or so-called “poison pill,” which...more

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