“Increased Transparency is the Simplest, Safest Reform”
“Increased transparency is the simplest, safest reform.” Who said so? Professor Coffee.
Professor Coffee’s wisdom could be applied in many places. One place it certainly should be applied is to mass tort settlement trusts. His statement, however, is set out in a May 19, 2014 article at the CLSBlue Sky Blog aimed at the ongoing wars in battles for corporate control. The full quote is interesting for anyone involved in corporate litigation:
“To conclude, the “new” myth is that the efficiency gains from hedge fund activism justify relaxing the shareholders’ protection against “creeping control” acquisitions, and the “old” reality is that shareholders still need that protection (but may be losing it). Increased transparency is the simplest, safest reform.”