Firm News | November 1, 2021
Delaware Governor John Carney issued an amendment to Delaware’s State of Emergency Order late Monday evening (the “DE Order”) granting Delaware corporations new flexibility to hold annual and special meetings during the COVID-19 pandemic.1 The Order Delaware corporations that have already provided notice to their stockholders of a physical annual or special meeting can now…
Client Alerts | April 9, 2020 | Investor Activism
As part of the federal government’s response to the COVID-19 coronavirus pandemic, effective as of March 17, 2020, and until further notice, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) have enacted temporary rules governing the submission and processing of Notifications under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR”).…
Client Alerts | March 19, 2020 | Mergers & Acquisitions | Investor Activism
Leading private investment funds law firm Kleinberg Kaplan was featured as a top legal advisor for activist campaigns in Bloomberg’s first-ever activism league table. The firm ranked third for legal counsel advising activist investors according to The Bloomberg Activism Advisory League Tables. Kleinberg Kaplan’s Investor Activism practice is effectively positioned as one of the few…
Firm News | January 22, 2020 | Investor Activism
Leading hedge fund law firm Kleinberg Kaplan ranks among the most active legal advisors for activist campaigns, according to data intelligence provider Refinitiv. For the first six months of 2019, Kleinberg Kaplan ranked third for legal counsel advising activist investors, according to its Global Shareholder Activism Scorecard released this past week. “It is gratifying to…
Firm News | September 18, 2019 | Investor Activism
The Securities and Exchange Commission’s (the “SEC“) Division of Investment Management has announced the withdrawal of two no-action letters[1] that provided guidance to registered investment advisers regarding their use of proxy advisory firms consistent with Rule 206(4)-6 under the Investment Advisers Act of 1940, as amended (the “Proxy Rule“). [2] Under the Proxy Rule, registered…
Client Alerts | October 24, 2018 | Investor Activism | Hedge Funds
Amendments Would Provide Investors the Ability to Choose More Easily Between Candidates Offered by Activists and Candidates Offered by a Company On October 26, 2016, the Securities and Exchange Commission (“SEC”) proposed amendments to the proxy rules to facilitate voting in director elections by, among other things, requiring parties in a contested election to use…
Client Alerts | October 28, 2016 | Investor Activism | Hedge Funds
On Wednesday, June 29, 2016, the U.S. Federal Trade Commission (the “FTC”) announced that it approved final amendments to Commission Rule 1.98 to increase the maximum civil penalty dollar amounts for various legal violations as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. Among such violations, as of August 1,…
Client Alerts | July 7, 2016 | Securities and Corporate Finance | Investor Activism
On Monday, April 4, 2016 the U.S. Department of Justice (the “DOJ”) announced a civil antitrust lawsuit against certain ValueAct Capital (“ValueAct”) entities for allegedly violating the reporting and waiting period requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The DOJ’s Antitrust Division’s lawsuit seeks civil penalties and an injunction against…
Client Alerts | April 5, 2016 | Mergers & Acquisitions | Investor Activism | Hedge Funds
We have previously written to our clients about the importance of complying with the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) when building positions that may become activist in the future. [“Antitrust Filing Mistakes Can Cost Activists“]. On August 24, 2015 the United States Federal Trade Commission (the…
Client Alerts | August 26, 2015 | Mergers & Acquisitions | Investor Activism | Hedge Funds
On January 16, 2015, the Division of Corporation Finance of the Securities and Exchange Commission (“SEC”) announced that, in light of a directive from SEC Chair Mary Jo White, it will express “no views” on the application of Rule 14a-8(i)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) during the current…
Client Alerts | January 26, 2015 | Mergers & Acquisitions | Securities and Corporate Finance | Investor Activism | Hedge Funds
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