The August 2005 issue of the Business Lawyer, the American Bar Association, Section of Business Law publication, contained an article by Martin Lipton of Wachtell, Lipton, Rosen & Katz entitled “Twenty-Five Years after Takeover Bids in the Target’s Boardroom: Old Battles, New Attacks and the Continuing War.”

It was a self-congratulatory piece but worth attention nonetheless for its effort to set the stage for future policy initiatives from the board-dominance camp. Martin Lipton is soon to meet his Waterloo.