1. Leaving the Contractual Term “Voting Power” Undefined Could Be Risky Business

    Leaving the Contractual Term “Voting Power” Undefined Could Be Risky Business

    What does the contractual term “voting power” mean? Does it refer only to the power to elect corporate directors, or does it refer to the power to vote on any fundamental matter of corporate governance? Is voting power an attribute of stock, or is it something that shareholders possess? Commercial Division Justice Marcy Friedman’s recent decision in Special Situations Fund III QP, LP...

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