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New York District Court Finds Violations of SEC Disclosure Requirements by Hedge Funds' Acquisition of Swap Interests in a Target and by Acting as a Group without Public Disclosure |
June 28, 2008
Previously published on June 16, 2008
The recent decision in CSX Corporation v. The Children's Investment Fund Management (UK) LLP, et al., 08 Civ. 2764 (LAK), has significant implications for hedge funds that seek to influence target corporations by (individually or collectively) attempting to amass substantial voting positions without triggering the need for public disclosure.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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