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Findings from New Shareholder Activism Study

Deal Lawyers

In an HLS blog post, Goldman Sachs presents findings from a recent analysis of activism against Russell 3000 companies with campaigns launched from 2006 to the first quarter of 2023.

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Delaware Court Of Chancery Holds That Former Stockholders Can Pursue Direct Claims For Breach Of Fiduciary Duty Arising From Issuance Of Shares To Controlling Stockholder For Allegedly Insufficient Consideration

Shearman & Sterling

Plaintiffs alleged that the Company engaged in a private placement of stock to the controlling stockholder at a price that undervalued the shares that were issued. (the "Company") against its majority stockholder, CEO, and several directors. In re TerraForm Power, Inc. Stockholder Litigation, C.A. 2019-0757-SG (Del. Rossette, 906 A.2d

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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

As we discussed in our prior post, plaintiffs alleged that a private placement of stock to the Company's controlling stockholder at a price that undervalued the shares diluted the financial and voting interest of the minority stockholders. Brookfield Asset Management, Inc. Rosson, No. 406, 2020, 2021 WL 4260639 (Del. Rossette, 906 A.2d

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Janus Henderson’s Richard Worrell departs for LSEG role to kickstart new stage of growth

The TRADE

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG), The TRADE can reveal. He will join the exchange group as head of secondary markets sales and business development in January 2024, sources have confirmed.

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Delaware Court Of Chancery Holds That Former Stockholders Can Pursue Direct Claims For Breach Of Fiduciary Duty Arising From Issuance Of Shares To Controlling Stockholder For Allegedly Insufficient Consideration

Shearman & Sterling

Plaintiffs alleged that the Company engaged in a private placement of stock to the controlling stockholder at a price that undervalued the shares that were issued. (the "Company") against its majority stockholder, CEO, and several directors. In re TerraForm Power, Inc. Stockholder Litigation, C.A. 2019-0757-SG (Del. Rossette, 906 A.2d

Shares 40
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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

As we discussed in our prior post, plaintiffs alleged that a private placement of stock to the Company's controlling stockholder at a price that undervalued the shares diluted the financial and voting interest of the minority stockholders. Brookfield Asset Management, Inc. Rosson, No. 406, 2020, 2021 WL 4260639 (Del. Rossette, 906 A.2d

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People Moves Monday: Janus Henderson, LSEG, Peel Hunt, Millennium and more…

The TRADE

Head of EMEA equity trading at Janus Henderson and markets stalwart, Richard Worrell, is set to leave the institution for a sales role at the London Stock Exchange Group (LSEG). Previously in his career, he spent almost a decade at the asset manager in an equity trading role until 2006 and later spent nearly four years at SEB.