Found 2 article(s) for author 'Antitakeover Defenses'

Toward a Constitutional Review of the Poison Pill

Toward a Constitutional Review of the Poison Pill. Lucian Bebchuk, March 1, 2014, Paper. “We argue that the state-law rules governing poison pills are vulnerable to challenges based on preemption by the Williams Act. Such challenges, we show, could well have a major impact on the corporate-law landscape…” Link verified June 19, 2014

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The Myth that Insulating Boards Serves Long-Term Value

The Myth that Insulating Boards Serves Long-Term Value. Lucian Bebchuk, September 2013, Paper. “According to an influential view in corporate law writings and debates, pressure from shareholders leads companies to take myopic actions that are costly in the long term, and insulating boards from such pressure serves the long-term interests of companies as well as their shareholders. This board insulation claim has been regularly invoked in a wide range of contexts to support existing or tighter limits on shareholder rights and involvement. This paper subjects this view to a comprehensive examination and finds it wanting…” Link verified June 19, 2014

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