Authors:

  • Lucian Bebchuk

Excerpt

Don’t Run Away from the Evidence: A Reply to Wachtell Lipton. Lucian Bebchuk, September 17, 2013, Opinion. "In two recent memoranda by the law firm of Wachtell Lipton (Wachtell), The Bebchuk Syllogism (Syllogism memo) and Current Thoughts about Activism (Current Thoughts memo), the firm’s founder Martin Lipton and several other senior Wachtell lawyers strongly criticize our recent study, The Long-Term Effects of Hedge Fund Activism. Our study empirically disproves the myopic activists claim that interventions by activist hedge funds are in the long term detrimental to the involved companies and their long-term shareholders..." Link verified June 19, 2014