The Death of the Dead-Hand Poison Put?
Morris Nichols attorneys Bill Lafferty, John DiTomo and Mac Measly contributed this article on the Delaware Court of Chancery ruling in Healthways II concerning a so-called “dead hand proxy put” provision in a credit agreement. The authors discuss proxy put trends, history of the case and practical implications.
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William M. Lafferty, John P. DiTomo, and D. McKinley (Mac) Measley, “The Death of the Dead-Hand Poison Put?” Insights: The Corporate & Securities Law Advisor (June 30, 2015)