Calling 2014 the “year of the wolf pack” because of attacks by hedge fund activists on corporations, lawyer Martin Lipton has compiled significant developments that suggest the trend may be ready to change. If so, it would be a welcome turn for general counsel.
Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, posted an article Wednesday on a Harvard Law School online forum calling such activist attacks a threat to shareholders and the economy. It is one in a long line of Lipton rants against shareholder activism.
