Maxim_Kazmin – stock.adobe.com Activist Investor Can Be Sued for Alleged Misstatements in Proxy Fight, US Judge Rules
Counsel for the prevailing party said the decision paved a path for public companies to sue investors who make material misrepresentations in proxy statements while aggressively seeking to change corporate governance.
October 01, 2021 at 04:12 PM
4 minute read
A Manhattan federal judge has ruled that an activist investor can be sued for allegedly making false statements in a heated proxy fight that got two of its nominees elected to a firm's board of directors.
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