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13 Va. L. & Bus. Rev. 75 (2019)
Fiduciary Duties in Activist Situations

handle is hein.journals/valbr13 and id is 75 raw text is: VIRGINIA LAW & BUSINESS REVIEW VOLUME 13 SUMMER 2019 NUMBER 2 FIDUCIARY DUTIES IN ACTIVIST SITUATIONS By Hon. J. Travis Lastert I. IN T R O D U CT IO N ................................................................................................ 76 II. To WHOM Is HE A FIDUCIARY? ................................................................... 77 A . T yp es o f Sto ck ........................................................................................ . . 80 B . T ypes of Stockholders? ........................................................................... 82 III. WHAT OBLIGATIONS ARE OWED? ............................................................ 84 IV. THE QUESTION OF BREACH ....................................................................... 87 V . T HE A CTIVIST SCENARIO ............................................................................... 92 A . S tag e O n e ................................................................................................ . . 9 2 B . Stag e T w o .............................................................................................. . . 9 3 C . Stage T h ree ............................................................................................ . . 95 V I. C O N C LU SIO N .................................................................................................. 99 Vice Chancellor, Court of Chancery, State of Delaware. Vice Chancellor Laster presented a version of this speech as the keynote address to a conference on activist stockholders held at the University of Virginia School of Law on February 1, 2019. Copyright © 2019 Virginia Law & Business Review Association

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