Daily Archives: November 28, 2008, 11:59 pm

Securities Docket News Wire for Nov. 28, 2008

SEC begins sending out notices to investors about $450 million Fair Fund distribution in its Enron settlement. http://is.gd/9qMQ # Securities Docket’s “Black Book” Now Available Online. http://is.gd/9oOv # Australia: Many potential lawsuits involving rejection of takeovers under investigation by litigation funders. http://tinyurl.com/67ce8o # South Korea: Taekwang CEO’s home, office raided in insider trading probe. http://is.gd/9nvM # N. Car. AG asserts…

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Australia: Lawyers Foresee Lawsuits Over Companies Rejecting Takeover Bids

In Australia, boards of directors that reject takeover bids where their company subsequently collapses face possible lawsuits from investors. The Australian quotes Slater and Gordon class actions head James Higgins as stating that it is only a matter of time before a target company is sued by dissenting shareholders over a decision to rebuff a takeover bid. “There’s no question…

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