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How is Labour moulding its employment rights proposals?

How is Labour moulding its employment rights proposals?
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Facts Matter: A Fresh Look at Rights Plans and Fiduciary Duties | Akin Gump Strauss Hauer & Feld LLP

To embed, copy and paste the code into your website or blog: 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 duties, thereby rendering it unenforceable.

United statesKathleens mccormickAkin gump strauss hauer feldDelaware courtInstitutional shareholder servicesWilliams companies incDelaware chancery courtAkin gump strauss hauerWilliams companiesWilliams planDeal point dataVice chancellor kathleenProper purposeChancellor mccormickReasonable responsesReasonable response

Facts Matter: A Fresh Look At Rights Plans And Fiduciary Duties - Corporate/Commercial Law

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

United statesKathleens mccormickShareholder servicesChancery courtDelaware courtWilliams companies incWilliams companiesWilliams planDeal point dataVice chancellor kathleenProper purposeChancellor mccormickReasonable responsesReasonable responseFacts mattera fresh look at rights plans and fiduciary dutiesCoronavirus covid 19