Focus (Forum & Focus)
Jun. 26, 2008
Swap Heat
A recent federal court ruling may have wide-ranging implications for activist stockholders and the public companies they target, write Emery Mitchell and David Raynor. - Focus Column
By Emery Mitchell and David Raynor
This article appears on Page 7
In a case closely followed by hedge funds and Wall Street, a federal court in New York ruled earlier this month that two hedge funds violated disclosure requirements of the federal securities laws by using undisclosed equity swaps as part of their efforts to influence control of CSX, one of the nation's largest rail carriers. The rul...
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