Latest Breaking News On - Reasonable response - Page 2 : comparemela.com

To print this article, all you need is to be registered or login on Mondaq.com. In mid-March 2020, concerned about opportunistic activist stockholders, a precipitous decline in oil prices and corresponding stock volatility, as well as uncertainty created by the unprecedented COVID-19 pandemic, the board of directors of the Williams Companies, Inc. ( Williams or the Company ) adopted a one-year stockholder rights plan with a five percent trigger (the Williams Plan ). Less than a year later, the Delaware Court of Chancery, after reviewing the Williams Plan under the Unocal standard, permanently enjoined it, and found that the directors had breached their fiduciary

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