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Columbia Law School's Blog on Corporations and the Capital Markets

Editorial Board John C. Coffee, Jr. Edward F. Greene Kathryn Judge

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Wachtell Lipton Discusses How to Deal with Activist Investors

By Martin Lipton, Steven A. Rosenblum, Karessa L. Cain, Elina Tetelbaum, Carmen X. W. Lu and Anna Dimitrijević August 31, 2023 by renholding

Activism has fully rebounded from the brief pandemic dip, with the past eighteen months seeing increased activity.  As we have previously noted, regardless of industry, size or performance, no company is too large, too popular, too new or too successful …

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Shareholders (and ISS) Won Big With Universal Proxy Card in 2023

By Michael R. Levin August 23, 2023 by renholding

Now that proxy season has wrapped up, we thought we’d look back at the experience with universal proxy card (UPC). Overall, shareholders expressed their preferences in BoD elections with precision. Proxy advisors, in particular ISS, saw their recommendations win in

…

Skadden Discusses Recent Contests Under the Universal Proxy Rules and the 2023 Outlook

By Richard J. Grossman, Neil P. Stronski, Anya Richter Hodes and Alexander J. Vargas January 9, 2023 by renholding

The Securities and Exchange Commission’s (SEC’s) new universal proxy rules, which took effect for meetings after August 31, 2022, require the use of “universal” proxy cards in all director election contests, except for elections held by registered investment companies and …

Wachtell Lipton Discusses Key Issues for Boards in Corporate Governance for 2023

By Martin Lipton, Steven A. Rosenblum, Karessa L. Cain and Hannah Clark December 6, 2022 by renholding

While the world recovers from the worst of the pandemic, the economic, political and social repercussions will continue to play out in ways that, while unpredictable, are in some respects characterized by observable patterns of cause-and-effect and cyclicality.  The pendulum …

The Second Universal Proxy Card Hits EDGAR

By Michael R. Levin October 26, 2022 by renholding

Last month, the first universal proxy card (UPC) hit EDGAR under the new SEC rule. We now have another example, with some interesting tidbits for aficionados and proxy junkies, and also for anyone who seeks an edge in proxy contest …

Wachtell Lipton on Dealing with Activist Hedge Funds and Other Activist Investors

By Martin Lipton, Steven A. Rosenblum, Karessa L. Cain, Sabastian V. Niles and Anna Dimitrijević September 7, 2022 by renholding

The SEC rule requiring a universal proxy card in director election proxy fights becomes effective today [September 1].  The resurgence of activism is already in progress, and the universal proxy card may significantly facilitate some proxy contests in which an …

Revisiting Corporate Bylaws for the Universal Proxy Era

By Eduardo Gallardo August 11, 2022 by renholding

On August 31, 2022, the universal proxy rules adopted last year by the Securities and Exchange Commission (SEC) will go into effect.  The rules require proxy cards distributed by public companies and activist shareholders in a contested director election to …

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Each business day, our team sifts through blog posts, news stories, and other sources to keep up-to-date on relevant recent developments. The following links will take you to our recommended selections. To see the sources we follow click Filter Sources.

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Delaware Business Litigation Report
Texas Court Uses Texas Limitations Statute Despite Delaware Law Choice
February 12, 2026
D&O Diary
Top SEC Enforcer Vows Vigilance
February 12, 2026
Reuters
Pfizer to Collect $29 Million from SEC’s Steven Cohen Hedge Fund Case
February 12, 2026
Whistleblower Network News
No 2026 Payouts to SEC Whistleblowers
February 12, 2026
Deal Lawyers.com
SEC Issues New Interpretations on Form S-4, Going Private, Tender Offers
February 12, 2026
Reuters
Kraft Heinz Pauses Company Split
February 11, 2026
Wall Street Journal
Bill Ackman Makes a Big Bet on Meta
February 11, 2026
Cleary M&A Watch
The Outlook for Private Credit in 2026
February 11, 2026
Cooley M&A
The Year Ahead for Life Sciences M&A
February 11, 2026
Delaware Business Litigation Report
Chancery Nixes Discovery on Personal Misconduct in Broken Deal Case
February 11, 2026
Bloomberg
U.S. House Advances Auto Safety Bill
February 10, 2026
Reuters
Paramount Sweetens Bid for Warner
February 10, 2026
Wall Street Journal
Tariffs Hit Ford for Another $900 Mln
February 10, 2026
New York Times
BP Pauses Buybacks as Profit Slumps
February 10, 2026
ThinkAdvisor
SEC and Commonwealth Tentatively Settle Over $93 Million Penalty
February 10, 2026
Dealbook
Court TV Getting a New Owner
February 9, 2026
Freshfields' A Fresh Take
Enforcers Eye Algorithmic Pricing
February 9, 2026
Financial Advisor
Ex-SEC Enforcement Chief Urges Limits on Regulation by Enforcement
February 9, 2026
D&O Diary
Why So Many Pump-and-Dump Suits?
February 9, 2026
Sidley Enhanced Scrutiny
Delaware Supreme Court Makes Earnouts Less Risky for M&A Buyers
February 9, 2026
Reuters
How Paul Weiss Boss Lost Grip on Firm
February 8, 2026
Wall Street Journal
Why Finding a Job Now Is So Hard
February 8, 2026
Dealbook
Casinos, Prediction Markets Go to War
February 8, 2026
The Governance Beat
Wells Fargo Wealth Quits Proxy Advisers
February 8, 2026
D&O Diary
Oracle Hit With Massive AI Infrastructure-Related Securities Suit
February 8, 2026
Reuters
Coca-Cola Nixes U.S. Frozen Products
February 5, 2026
Wall Street Journal
Paul Weiss Revolt Cost Chair’s Job
February 5, 2026
Bloomberg
Bitcoin Crashes Below $65,000
February 5, 2026
The Governance Beat
NYSE, SEC Align on Broker-Search Item
February 5, 2026
Deloitte Repoirt
Worry Over Private-Credit Risks Grows
February 5, 2026
Wall Street Journal
Nike Probed for Bias v. White Workers
February 4, 2026
Reuters
Bezos’ Washington Post Guts Staff
February 4, 2026
Dealbook
AI Construction Firm Raises $270 Mln
February 4, 2026
D&O Diary
Securities Suit Hits Private Credit Firm
February 4, 2026
Insurance Journal
Musk Loses Bid for Dismissal of SEC Lawsuit Over His Twitter Stake
February 4, 2026
Wall Street Journal
Disney Names Parks Chief New CEO
February 3, 2026
Bloomberg
CEOs Dislike Sucking Up to Presidents
February 3, 2026
Cleary M&A Watch
The Power of Proxy Advisers and Institutional Investors May Be Shifting
February 3, 2026
D&O Diary
Suit Claims AI-Washing Stock “Pump”
February 3, 2026
LinkedIn
When an SEC Emergency Is Not
February 3, 2026
Reuters
January Employment Report Delayed
February 2, 2026
Wall Street Journal
Musk Says Space X Acquired xAI
February 2, 2026
Freshfields' A Fresh Take
DOJ Antitrust Division Announces First-Ever Whistleblower Award
February 2, 2026
Sidley Enhanced Scrutiny
How Investor Activism Fared in 2025
February 2, 2026
D&O Diary
Chancery Allows Core De-SPAC Fiduciary Duty Claims to Proceed
February 2, 2026
Reuters
OPEC+ to Keep Oil Output Unchanged
February 1, 2026
Securities Litigation & Enforcement
Scotus to Review Disgorgement Power
February 1, 2026
Wall Street Journal
SEC Taps Ex-EY Partner to Run PCAOB
February 1, 2026
Bloomberg
SEC AI Plan May Strengthen Oversight
February 1, 2026
Business Law Prof Blog
The Latest in Reincorporations
February 1, 2026
Wall Street Journal
Apple Posts Blowout iPhone Sales
January 29, 2026
Bloomberg
Wells Fargo Boosts CEO Pay to $40 Mln
January 29, 2026
Reuters
Space X in Merger Talks With xAI
January 29, 2026
Pensions & Investments
House Committee OKs Bill to Create SEC Public Company Advisory Board
January 29, 2026
Yale Journal on Regulation
Is President Required to Appoint SEC Commissioners of Opposing Party?
January 29, 2026
Reuters
Fed Leaves Interest Rates Unchanged
January 28, 2026
Bloomberg
Starbucks Comeback Not Just Froth
January 28, 2026
Cleary Enforcement Watch
How SEC Enforcement Has Shifted
January 28, 2026
Cornerstone Research
Less SEC Crypto Enforcement Brings Lower Crypto Recoveries
January 28, 2026
Deal Lawyers.com
Delaware Chancery Addresses Aiding, Abetting Liability of Financial Advisers
January 28, 2026
Wall Street Journal
UPS to Cut 30,000 Jobs This Year
January 27, 2026
Cleary Enforcement Watch
France Adopts In-House Legal Privilege
January 27, 2026
Sidley Enhanced Scrutiny
Delaware Chancery Adds Caremark Twist to Bankruptcy Case
January 27, 2026
D&O Diary
Fourth Circuit: Shareholder Suit, SEC Probe “Logically and Causally” Linked
January 27, 2026
Deal Lawyers.com
House Subcommittee Mulls CFIUS
January 27, 2026
Bloomberg
Trump to Boost South Korea Tariffs
January 26, 2026
Wall Street Journal
Senate Chair Eyes Netflix-Warner Deal
January 26, 2026
New York Times
X Faces EU Probe of AI Sex Images
January 26, 2026
Deal Lawyers.com
SEC Issues Slew of New Interpretations
January 26, 2026
Corporate & Securities Law Blog
U.S. House Passes the INVEST Act
January 26, 2026
Dealbook
Interest in Law School Surging
January 25, 2026
Securities and Exchange Commission
Statement on PCAOB 2026 Budget
January 25, 2026
Bloomberg
SEC Drops Winklevoss Crypto Suit
January 25, 2026
Deal Lawyers.com
U.S. District Court in New York Rejects Disclosure Claims in Take Private Deal
January 25, 2026
Business Law Prof Blog
Nevada Commission Meets to Study Adjudication of Business Law Cases
January 25, 2026
Wall Street Journal
Trump Calls Off Tariffs on Europe
January 21, 2026
Bloomberg
EU Freezes U.S. Trade Deal Approval
January 21, 2026
The Governance Beat
Vanguard Updates Voting Policies
January 21, 2026
D&O Diary
Would Disclosure Deter AI-Washing?
January 21, 2026
Business Law Prof Blog
Delaware Supreme Court Sides With Moelis on Stockholder Agreement
January 21, 2026
Wall Street Journal
Bessent Turns Up Heat on Fed Chair
January 20, 2026
Bloomberg
Netflix Makes Warner Offer All Cash
January 20, 2026
New York Times
Prediction Markets on the Rise
January 20, 2026
D&O Diary
Chancery Says Board Failed to Respond to Sexual Misconduct “Red Flags”
January 20, 2026
Sidley Enhanced Scrutiny
Delaware Chancery Reminds Directors Not to Play Dirty
January 20, 2026
Reuters
NYSE-Parent Develops Platform for 24/7 Tokenized Securities Trades
January 19, 2026
Securities and Exchange Commission
McGranahan Named General Counsel
January 19, 2026
Bloomberg
Fraudster Should Win at Top Court
January 19, 2026
Wall Street Journal
Enforcers Turn Insider Trading on Head
January 19, 2026
Delaware Corporate & Commercial Litigation Blog
Key 2025 Delaware Corporate Rulings
January 19, 2026
Corporate & Securities Law Blog
NYSE Offers Listing Rules Changes
January 19, 2026
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