Poison Pills, NOL Poison Pills and the COVID-19 Pandemic

The novel coronavirus (COVID-19) pandemic has caused significant volatility in stock prices, resulting in severe disparities between stock prices and many corporations’ view of the intrinsic value of their business. This has, in turn, caused concern about the possibility of well-capitalized investors rapidly building a position in a corporation without paying a fair price and without making public disclosures.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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