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Home / Opinion Digests / Corporate / Corporate – Public vs. Private – Poison Pill – Civil Practice – Preliminary Injunction – Banks & Banking (access required)

Corporate – Public vs. Private – Poison Pill – Civil Practice – Preliminary Injunction – Banks & Banking (access required)

Since a private corporation may not create a poison pill as a means of forestalling a hostile takeover, plaintiff has shown a likelihood of success on the merits of its declaratory judgment claim. The court grants plaintiff’s motion for a preliminary injunction. Defendants are prohibited from taking any action under their Shareholder Rights Plan or from ...

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