Frank Aquila and Melissa Sawyer Co-author Article for Business Law Today

September 22, 2014

In its September issue, Business Law Today published an article by Mr. Aquila and Ms. Sawyer titled, “Poison Pills Find New Life as ‘Raider-Like’ Activism is on the Rise.” The article discusses the rediscovery and refinement of poison pills in response to the increase of “raider-like” activism. Poison pills, if properly constructed, can help to equip corporate boards with the time needed to secure stockholder interests and respond to activists. Mr. Aquila and Ms. Sawyer review the history of poison pills and current trends, and advise boards on how to design “on the shelf” poison pills in order to optimize their effectiveness.