![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2019/01/dahiya-e1546464052957.jpg?w=109)
![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2019/01/hallak-e1546463649677.jpg?w=253)
![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2019/01/mattys-2-e1546463983165.jpg?w=157)
How Lenders React When Activists Target Borrowers
A number of recent news stories have recounted the quick and dramatic changes that activist hedge funds trigger in the companies they target. In the Atlantic magazine, for example, a 2016 article describes DuPont’s decision to cut 10 percent of …