Frank Aquila Authors Article on Activist Investors

December 2011

Mr. Aquila authored the lead article in the December issue of Insights titled, "Activist Investor Success Leads to Scrutiny of Their Use of Derivatives." The article discussed how activist investors have become the driving force behind the sale, spin-off or restructuring of a number of public companies using an array of tactics designed to put pressure on public company boards of directors. Mr. Aquila noted how the SEC, the courts and targeted public companies have begun to respond to the use of derivatives by activist investors.