Proxy Season Looks Busy As Activists Pick Up Steam

By Evan Weinberger

Law360, New York (February 23, 2010, 5:29 PM ET) -- With a still-struggling economy and legal and regulatory changes making it easier to launch a shareholder crusade, experts expect the number of proxy battles to increase in a big way as activist shareholders pick up the pace and change their priorities.

“I think we're all expecting this to be a very busy proxy season,” said Claudia Allen, chair of Neal Gerber & Eisenberg LLP's corporate governance practice group.

According to statistics provided by Goodwin Procter LLP, there were 132 proxy fights through the beginning of October,...
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