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The American Lawyer

A Closer Look at Einhorn's Bid to Keep Micron Play Mum

The New York Times sought on Monday to shed some light on the way investors occasionally try to keep certain of their holdings out of public view if doing so benefits them.
2 minute read

The American Lawyer

Wachtell, Willkie, Gibson Dunn Forge Sotheby's Peace

The Am Law 100 trio is part of a half-dozen firms advising on an agreement to end a nasty proxy fight between activist investor Daniel Loeb and the venerable auction house.
5 minute read

The American Lawyer

Herbalife Investors Come Under Microscope

Herbalife's troubles are now extending to its investors, who are facing scrutiny from regulators, the New York Times DealBook reported Friday, citing people familiar with the matter.
2 minute read

The American Lawyer

Hearing Reveals Concerns by Sotheby's Directors Over Governance

Third Point Capital's lawsuit against Sotheby's to allow the hedge fund's chief, Daniel Loeb, greater influence over the 270 year-old auction house has revealed that Sotheby's directors themselves have concerns about the company's governance, as DealBook reported Wednesday.
2 minute read

The American Lawyer

Ackman Pressed SEC to Preserve Rules on Beneficial Reporting

It's no accident that Pershing Square chief Bill Ackman used the Securities and Exchange Commission's beneficial ownership reporting requirements to his advantage in his joint bid with Valeant for Allergan.
3 minute read

The American Lawyer

ISS Backs Two of Loeb's Board Picks in Sotheby's Fight

Weighing in with its influential voting recommendations, proxy advisory firm Institutional Shareholder Services (ISS) on Thursday gave activist investor Daniel Loeb a boost in his battle with the management of auction house Sotheby's.
3 minute read

The American Lawyer

Starboard Says it Has Votes for Darden Special Meeting

After months of pushing, Starboard Value has succeeded in persuading more than half of Darden Restaurants Inc's shareholders to line up behind the acitivist investment firm's call for the company to call a special meeting.
3 minute read

The American Lawyer

New Test for Poison Pill in Loeb's Sotheby's Fight

The so-called poison pill shareholder defense, which courts have repeatedly reaffirmed over the last 30 years, is approaching a critical juncture.
3 minute read

Litigation Daily

Judge Finds Inconsistencies in Younger Rajaratnam's Indictment

Still facing a June 17 trial date on claims that he engaged in insider trading alongside his older brother Raj Rajaratnam, Rengam Rajaratnam may have caught a minor break on Friday with a ruling that could help narrow the indictment against him.
2 minute read

The American Lawyer

Dealmakers of the Year: Marc Weingarten and David Rosewater, Schulte Roth

As activist investors have grown into a force to be reckoned with, this pair has cornered a big share of their legal work.
5 minute read

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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