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    2. Demand for Female Directors Rises Amid Proposed Bill Mandating More Women on Boards

      Demand for Female Directors Rises Amid Proposed Bill Mandating More Women on Boards
      In an effort to increase female representation on corporate boards, CaliforniasSenate recently passed a bill mandatingthat public companies based in the Golden Statehave at least one woman on their board by the end of 2019. The legislation, SB-826, is now before California Gov.Jerry Brown, who has until Sept. 30 to sign itinto law. If Brown signs the bill,the one-woman boardroom mandate...
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    3. Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm

      Icahn, CVR Lose Malpractice Case Against Wachtell Lipton Law Firm
      NEW YORK (Reuters) - A federal judge in Manhattan on Friday dismissed an unusual lawsuit in which billionaire investor Carl Icahn accused the law firm Wachtell, Lipton, Rosen Katz of malpractice related to his 2012 hostile takeover of CVR Energy Inc. U.S. District Judge Richard Sullivan said CVR failed to show that Wachtell and two of its partners, Benjamin Roth and Andrew Brownstein, should have disclosed that two banks helping ...
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    4. Litt Says Mack-Cali May Have Turned Away Unidentified Suitor

      Litt Says Mack-Cali May Have Turned Away Unidentified Suitor
      (Bloomberg) -- Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trusts board, Litt, the founder of Land Buildings Investment Management, said the directors should consider the potential offer. Litt, saying his firm now owns more than 2 percent of Mack-Cali, didnt identify the possible buyer in ...
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