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27 Feb 2020, 5:45 am by John Jascob
Thereafter, a majority of unaffiliated AmTrust stockholders approved the amended merger proposal.The plaintiffs filed a complaint alleging that the final transaction did not comply with the framework set forth in Kahn v. [read post]
3 Dec 2014, 6:00 am by Jason M. Halper
In a bench ruling in the case, City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. [read post]
3 Jan 2022, 12:39 pm by Kevin LaCroix
And in 20 of the 31 SPAC-related suits (61.7%) the defendants named in the complaint included not only the post-merger company and certain of its officers and directors, but also former directors and officers of the SPAC itself. [read post]
6 Dec 2018, 6:04 pm by Dennis Crouch
Section 315(c) indicates that, after institution of an IPR, the Director may, “in his or her discretion”, join “any person who properly files” an IPR petition that the Director “determines warrants … institution. [read post]
19 Jul 2012, 1:46 am by zshapiro
Specifically the report by the former Federal Judge and FBI director, Lewis Freeh, pointed the finger at Head Football Coach Joseph V. [read post]
17 Aug 2015, 5:29 pm by Kevin LaCroix
  For example, with respect to takeover battles, the board of directors may face conflicts of interest due to their desire to maintain their positions and their duties to serve shareholders. [read post]
24 Aug 2007, 8:04 am
Investors point to the disputed election of CVS/Caremark director Roger Headrick (whom CtW contends was elected only because of broker votes) as an example how these votes can affect the outcome of board elections. [read post]
19 May 2020, 9:30 am by Steven J. Tinnelly, Esq.
Nevertheless, the Rule of Judicial Deference does not necessarily extend to every action (or decision not to act) that the board may take. [read post]