Frank Aquila and Scott Crofton Co-Author Article on 13D Disclosure

November 2011

Mr. Aquila and Mr. Crofton co-authored an article in the November issue of The Activist Report titled, “Changes to 13D Disclosure Regime in the Pipeline?” The article discussed how the Form 13D filing requirements have not changed to reflect the use of derivatives and other financial instruments utilized by activists and other investors to magnify their economic return. The article also reviewed the recent Second Circuit decision in the CSX case and the SEC staff’s announced intention to modernize reporting under Sections 13(d) and (g) of the Securities Exchange Act of 1934.