{"id":50491,"date":"2015-11-02T09:05:56","date_gmt":"2015-11-02T14:05:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50491"},"modified":"2015-11-02T09:05:56","modified_gmt":"2015-11-02T14:05:56","slug":"court-addresses-directors-conflict-of-interest-from-hedge-funds-short-term-investment-strategy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2015\/court-addresses-directors-conflict-of-interest-from-hedge-funds-short-term-investment-strategy.html","title":{"rendered":"Court Addresses Director\u2019s Conflict Of Interest From Hedge Fund\u2019s Short-term Investment Strategy"},"content":{"rendered":"<p>\n(Lexology.com) The Delaware Court of Chancery recently upheld a claim that a director who voted to approve a merger had a conflict of interest based on his affiliation with a hedge fund that allegedly was focused on short- term gains. In refusing to dismiss the complaint, Vice Chancellor J. Travis Laster placed significant weight on the incumbent board\u2019s \u201cfight letters\u201d during a proxy contest, which argued that the hedge fund was pursuing a quick sale of the company to advance its own interests at the expense of other stockholders. <\/p>\n<p><a href=\"http:\/\/www.lexology.com\/library\/detail.aspx?g=27332174-8e10-42ff-9b85-ed3ecd884c05\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Lexology.com) The Delaware Court of Chancery recently upheld a claim that a director who voted to approve a merger had a conflict of interest based on his affiliation with a hedge fund that allegedly was focused on short- term gains. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50491","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50491"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50491\/revisions"}],"predecessor-version":[{"id":50492,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50491\/revisions\/50492"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}