The ATP decision was widely discussed and many commentators considered the issue of whether fee-shifting bylaw provisions might be broadly adopted by stock corporations, including public companies attempting to curtail stockholder litigation. On June 3, 2014, a bill to limit the application of the ATP decision to non-stock entities was introduced in the Delaware General Assembly. Senate Bill No. 236 would prohibit a corporation from adopting a charter or bylaw provision that imposed liabilities on stockholders for bringing litigation against the corporation or other corporate constituents. Supporters of the legislation argue that the ATP decision is overbroad in its application, discouraging even meritorious litigation, and that it cuts against the usual norm of limited liability for corporate stockholders. Opponents of the legislation argue that the result in ATP is consistent with Delaware law’s long-held respect for private ordering, and that stock … [Read more...] about Delaware Law Update: Fee-Shifting Bylaw Provisions and the Use of a Poison Pill in Response to Activist Investor Activities
Investor to stock
Trump also promised to reduce consumers' out-of-pocket costs. He proposes to accomplish this by eliminating cost-sharing on generic drugs for low-income Medicare beneficiaries and for people who obtain drugs from certain hospitals and clinics through the340B program. Because these reforms are intended to insulate consumers from drug costs, they are likely to push prices up — not down — by spurring demand and eliminating any incentive to comparison shop. When consumers pay nothing for drugs at the point of sale, they will use more of them and won't care how much money insurers are spending. … [Read more...] about Stock prices jumped when Trump announced his prescription drug plan — here’s what’s in it for Wall Street
“The trading in the new quarter is getting off to an ugly start as hostile trade talks and retaliation by trading partners weigh on the markets. These effects are sending shock waves across the global markets,” Peter Cardillo, chief market economist at First Standard Financial in New York, wrote in a note. … [Read more...] about Wilbur Ross: Plunging Stocks Won’t Change Trump Trade Policy
“It really remains to be seen if U.S. banks will do the same for Canadian banks,”Hetzer previously told Newsweek. “We might just see that U.S. banks decide to say nothing in this case,” she said, but added that “it could create an obstacle” if banks decide to take a stance against Ottawa’s new policy. … [Read more...] about Is Canada’s Marijuana the New Bitcoin? Stocks Surge After Legalization
If the trade war escalates — and Mr. Trump has shown no sign of backing down — some worry that the public’s faith in the economy could be shaken, exposing the nation to much more serious problems than a drop in exports. New economic data on Tuesday showed slower growth in investment and consumer spending, and there are fears that the financial crisis in Turkey could spread. … [Read more...] about Hayward: Trump Policy Shakes Up Foreign Markets, Brings Investors to the U.S.