Plx Likely Stands On Its Own, But Has Room To Grow
By Barry A. Brooks, Jordan L. Goldman, Joseph P. DiCarlo & Matthew R. Schob
Given a recent court ruling in Delaware, activist investors should be mindful to ensure that pursuit of their investment agendas do not cause boards, obviously including activist investors themselves, to breach fiduciary duties to shareholders. Often, activist investors push incumbent boards and management towards the boundaries of their fiduciary duties.
This article originally appeared in Lexology.
Special thanks to Matthew Schob, past Paul Hastings summer associate for his contribution to this article.