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Don't Jump the Gun on Post-Merger Compensation Arrangements
Winston & Strawn LLP
Oct. 29, 2019 "[P]laintiffs' lawyers file lawsuits following the announcement of every public company merger or acquisition (so-called 'strike suits'). Occasionally, the allegations in one of these lawsuits involve potential conflicts of interest created by compensation arrangements proposed or negotiated before the stockholder vote -- and not disclosed to stockholders. Earlier this year, a federal appellate court decided such a case[.]" [Regents of the University of California v. Willis Towers Watson PLC (In Re: Willis Towers Watson PLC Proxy Litigation), No. 18-1874 (4th Cir. Aug. 30, 2019)] MORE >> |
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