Wednesday, December 25, 2019
ICYMI: #corpgov Midweek Roundup (Dec. 25, 2019)
"New laws designed to foster and govern social enterprises are propagating throughout the world.... This article identifies over 40 state initiatives across 30 countries to distinguish this international movement." 36 Windsor Y.B. Access to Just. 84 #corpgov #socent
— Stefan Padfield (@ProfPadfield) December 22, 2019
"The Akorn decision ... found that remediation costs that equated to ... 21% of the target’s ... equity value ... 'would be ‘material ....’' For the reasons explained below, Boston Scientific failed to demonstrate any material decline in Channel’s value." 2019 WL 6896462 #corpgov https://t.co/89ffM2eOTn
— Stefan Padfield (@ProfPadfield) December 19, 2019
"Janus counsels against forcing someone to associate with an organization that takes positions on 'controversial public issues.' Bar associations frequently take controversial positions ...." https://t.co/0hXFlVDbii
— Stefan Padfield (@ProfPadfield) December 20, 2019
"well over a hundred papers investigate the effects of state anti-takeover statutes or of state universal demand laws. How much should we trust the estimates of these papers? The short answer is: not much." https://t.co/vyHHRwMAwg
— Stefan Padfield (@ProfPadfield) December 19, 2019
"While characterizing the law in this area as 'murky,' the court appears to reaffirm the existing law that, generally, a stockholder will have a “proper purpose” only if the stockholder has credibly alleged 'actionable wrongdoing' by the board." https://t.co/nEKgIfEi5t
— Stefan Padfield (@ProfPadfield) December 22, 2019
https://lawprofessors.typepad.com/business_law/2019/12/icymi-corpgov-midweek-roundup-dec-25-2019.html