“A decade ago, South Dakotan trust companies held $57.3bn in assets. By the end of 2020, that total will have risen to $355.2bn.” https://t.co/tiDCLXb2y8 #corpgov
— Stefan Padfield (@ProfPadfield) November 17, 2019
“an example of a successful 220 demand based on the court’s finding of: (1) A credible basis to investigate claims of breach of the duty of loyalty; &, (2) The rejection of the argument that … the plaintiff … was a mere proxy for plaintiff’s counsel” #corpgov https://t.co/47xWvHb5nQ
— Stefan Padfield (@ProfPadfield) November 18, 2019
“After the US Supreme Court decided in Green v. Santa Fe that merger challenges were the province of state law and not classic federal securities laws because they focused on fiduciary duty, not securities deceit and fraud, the Delaware state courts rose to prominence” #corpgov https://t.co/k0hLwO61Qg
— Stefan Padfield (@ProfPadfield) November 18, 2019
“we conducted an analysis of 50 equity joint venture legal agreements—drawn from across industries, geographies, and formation years—to see how the contracts address the [the duty of loyalty]. We found four basic approaches” https://t.co/RL9d5AIlpB
— Stefan Padfield (@ProfPadfield) November 17, 2019
“HP may also receive some pressure to merge from Carl Ichan, who owns a 4.24% stake in HP in addition to his 10.6% stake in Xerox” https://t.co/9ANKYVEyy6 #corpgov
— Stefan Padfield (@ProfPadfield) November 17, 2019