Frank Aquila and Sarah Payne Co-Author Corporate Governance Update for Bloomberg Law Reports – Corporate Law

July 2010
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Mr. Aquila and Ms. Payne co-authored “Corporate Governance Update: Takeover Defenses after Selectica,” an article in the July issue of Bloomberg Law Reports – Corporate Law. In the article, the authors examine the implications for boards of directors of the Delaware Chancery Court’s decision in Selectica, Inc. v. Versata Enterprises, Inc., which centered on actions taken by the Selectica board to protect the company's considerable net operating loss assets. The decision, the authors contend, “should give boards renewed confidence in their ability to shore up a corporation's takeover defenses.”