Steven Davidoff Solomon writes for The New York Times, May 10, 2016
Bill Gates’s Foundation Trust and his personal investment fund are locked in a brutal shareholder dispute in Switzerland over the sale of a controlling interest in the Swiss specialty chemicals maker Sika.
Steven Davidoff Solomon writes for The New York Times, May 3, 2016
Mr. Pulte’s interests are divided, as he has hedged his own stock holdings in the company and borrowed heavily against them, leaving one to wonder whether he is acting more in his own interests than the company’s.
Steven Davidoff Solomon and Peter J. Henning write for The New York Times, April 20, 2016
Like most private companies, Theranos shares have not been made available to the general investing public. But that does not exempt the company from the anti-fraud provisions of the federal securities laws.
Steven Davidoff Solomon quoted in The Algemeiner, April 20, 2016
“This appears to be a clear example of a small group misappropriating assets raised for an agreed-upon purpose and illegally using the organization to advance a completely separate and personal agenda,” said University of California, Berkeley Law School Professor Steven Davidoff Solomon, a corporate law expert who advised the litigation group representing the plaintiffs.
Steven Davidoff Solomon writes for The New York Times, April 19, 2016
That senators would hold up a nomination is no surprise, but this time it is an act rich with irony. The two nominees, Hester Peirce and Lisa M. Fairfax, were cleared by these same Democratic senators after a revolt over the White House’s first proposed nominee, Keir D. Gumbs, a partner at the law firm Covington & Burling.
Steven Davidoff Solomon quoted in Santa Cruz Sentinel News, April 15, 2016
“It doesn’t look good for Yahoo,” UC Berkeley School of Law professor Steven Solomon said. “I’m pretty certain (Starboard Value) is going to win the fight.”
Steven Davidoff Solomon writes for The New York Times, April 12, 2016
BlackRock, Vanguard and other big institutional investors own roughly 70 percent of the public stock market, according to some reports. People are starting to ask whether this allows companies — now having the same owners — to compete less and raise prices.
Steven Davidoff Solomon writes for The New York Times, April 7, 2016
Deal makers finally got a sobriety check. The latest takeover boom is ending, thanks in part to United States regulators.
Steven Davidoff Solomon writes for The New York Times, April 5, 2016
BlackRock has run its first significant activist campaign, and that means something. Activists, however short- or long-termist, have beaten an extremely well-worn path for how to influence companies. That BlackRock is using that path shows how worn it is; BlackRock is now willing to challenge management openly when the line is crossed.
Steven Davidoff Solomon writes for The New York Times, March 29, 2016
There is no doubt that Valeant has taken a major hit. The crisis has crushed its previous business model of raising prices and making acquisitions. This has left it a company in transition. … but wherever it goes from here, one can’t ignore the business it already has—with billions of dollars in earnings.