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28 Dec 2008, 7:44 am
As part of the continuing confrontation between CSX Corporation and hedge funds holding CSX shares and equity swaps on CSX shares - and which earlier this year mounted a successful proxy fight, replacing four members of the CSX board of directors - the hedge funds have agreed to settle an action to recover "short-swing" profits pursuant to Section 16(b) of the Securities Exchange Act of 1934. [read post]
16 Oct 2008, 4:36 pm
(in support of petitioners) Brief amicus curiae of Cruise Lines International Association (in support of petitioners) Brief amicus curiae of United Maritime Group, LLC (in support of petitioners) __________________ Docket: 08-269 Title: CSX Transportation, Inc. v. [read post]
3 Oct 2008, 11:15 am
There are legitimate issues about the relative balance between shareholders and managers in the corporate governance process. [read post]
24 Sep 2008, 11:30 am
Frances Margay Schee, 13, a North Marion Middle School student, died shortly after 4 p.m. as a result of a rear end crash caused by a Tractor Trailer that may have some connection with CSX Railroad, a large corporation based in Jacksonville, Florida. [read post]
16 Sep 2008, 5:31 pm
To our knowledge, a by-law incorporating the concepts we outline in our proposal has not yet been adopted by any corporation. [read post]
14 Sep 2008, 8:10 pm
The Appellant, Nolan Whitaker ("Whitaker"), appeals the summary judgment rendered by the district court in favor of the Appellee, Electronic Data Systems Corporation ("Electronic Data"). [read post]
3 Sep 2008, 12:37 pm
- At the end of the day, are the decisions in Openwave, C-Net and Office Depot contract construction and drafting error cases - or do they speak more broadly to Delaware corporate policy? [read post]
3 Sep 2008, 10:28 am
- At the end of the day, are the decisions in Openwave, C-Net and Office Depot contract construction and drafting error cases - or do they speak more broadly to Delaware corporate policy? [read post]
12 Aug 2008, 5:55 pm
(Editor’s Note: For earlier Blog posts on the CSX/ TCI decision, see here and here.) [read post]
12 Aug 2008, 4:55 pm
This case has been closely watched because the use of swaps to amass undisclosed positions in corporations is a common tactic in the industry. [read post]
5 Aug 2008, 12:15 pm
Last week we were posting daily on the CSX case and the proposed changes to the formula used by US News to rank law school. [read post]
17 Jul 2008, 8:21 am
 "   CORPORATE UPDATE: Corporate SecuritiesThursday, July 17, 2008By John C. [read post]
17 Jul 2008, 8:06 am
Hedge Funds Claim Victory in CSX Battle The American Lawyer The history of playground fights and corporate takeovers shows that winners don't have to play nice. [read post]
11 Jul 2008, 12:15 pm
    Wilson sits on the board of Yahoo and is a candidate for the board of CSX. [read post]
7 Jul 2008, 3:16 pm
Judge Kaplan's ruling that swaps should be counted in the calculation of five percent ownership under Rule 13D disclosures has the corporate bar wondering whether swaps will be counted in a host of other stock calculations that trigger regulations, Rule... [read post]
26 Jun 2008, 12:14 pm
Christopher Cooper-Hohn and his wife, Jamie, follow a simple economic formula: he makes money, and she gives it away. [read post]
26 Jun 2008, 12:12 pm
For more than four hours, under a white tent surrounded by walls of freight cars, executives of the CSX Corporation tried to persuade shareholders to rebuff an attempt by two powerful [...] [read post]
25 Jun 2008, 9:24 pm
CSX is incorporated in Virginia, and Section 681 of the Virginia Stock Corporation Act allows an aggrieved shareholder to bring a suit for summary disposition with regard to any claim that [...] [read post]
23 Jun 2008, 7:00 pm
Interestingly, the brief filed by the hedge funds in the CSX case (which has been posted on the DU Corporate Governance web site) referenced the "extensive practitioner commentary" on the case and provided a quote from Steve Davidoff at the Dealbook Blog, a modest demonstration of the continuing role played by law blogs in the development of the law. [read post]