William Savitt

Wachtell Proposes Bylaw to Ward Off Threat of Conflicted Directors

By , , , , , , and by

This year, the practice of activist hedge funds engaged in proxy contests offering special compensation schemes to their dissident director nominees has increased and become even more egregious.  While the terms of these schemes vary, the general thrust is that, … Read more

Editor's Tweet | 1 Comment  
Editor's Tweet: Wachtell Proposes Bylaw to Ward Off Threat of Conflicted Directors http://wp.me/p2Xx5U-XC

Wachtell Lipton Discusses Rulemaking Petition for Modernization of Section 13 Beneficial Ownership Reporting Rules

By , , , , and by

NYSE Euronext, the Society of Corporate Secretaries and Governance Professionals and the National Investor Relations Institute have jointly filed a rulemaking petition with the SEC, seeking prompt updating to the reporting rules under Section 13(f) of the Securities Exchange Act … Read more

Editor's Tweet | Comment  
Editor's Tweet: Wachtell Discusses a Rulemaking Petition Calling for Modernization of Section 13 Beneficial Ownership Reporting Rules

“Don’t Ask, Don’t Waive Standstills” Revisited (Rapidly)

By , and by

In a second Chancery transcript ruling on the subject in recent weeks, Chancellor Leo E. Strine, Jr. has made clear that Delaware has no per se rule against “Don’t Ask, Don’t Waive” standstill provisions (which prohibit a party subject to … Read more

Editor's Tweet | Comment  
Editor's Tweet: Wachtell Lipton partners opine on Delaware's two recent rulings on "Don't Ask, Don't Waive" provisions (Ancestry.com and Complete Genomics)