Court Upholds Poison Pill in Response to Activist Accumulations
By EsqSocial Corporation 13/05/14
The Delaware Court of Chancery on May 2 rejected a request by Third Point to enjoin Sotheby’s annual stockholder meeting, scheduled for May 6, because of a “poison pill” stockholder rights plan adopted by Sotheby’s board. Third Point LLC v. Ruprecht,...
By: Morrison & Foerster LLP