Leonard M. Rosen, a founder of the Wachtell, Lipton, Rosen & Katz law firm who helped avert a New York City bankruptcy in 1975 and created a restructuring practice that would guide the U.S. through the 2008 mortgage crisis, has died. He was 83.
Hewlett-Packard Co. didn’t run afoul of corporate governance rules when it appointed directors who are acquainted with its chief executive officer and board chairman, attorney Martin Lipton said in a memo.
The financial system is in a slow state of recovery, and a pickup in takeovers will require more confidence in the U.S. economy, according to Evercore Partners Inc. Chairman Roger Altman and M&A lawyer Martin Lipton .
Corporate directors, who for years often dismissed activist investors as quick-profit seeking gadflys, are starting to listen when opinionated shareholders like Carl Icahn, Nelson Peltz and Mason Morfit come calling.
David Einhorn, the occasionally outspoken hedge-fund manager at Greenlight Capital, has faced public vilification for taking on Apple Inc.’s board. Investors and securities regulators should instead be thanking him for upholding shareholders’ rights.
Former FBI Director Louis Freeh, who is supervising the wind-down of bankrupt MF Global Holdings Ltd. and oversaw a probe of Pennsylvania State University’s child sex-abuse scandal, was named chairman of his law firm, Pepper Hamilton LLP.