Skadden partners Richard Grossman, Neil Stronski and Demetrius Warrick discuss challenges created by short selling attacks for boards, management teams and companies. The authors highlight advanced preparation and a speedy substantive response as the best defense against a short attack and explain why boards should think twice before responding with buybacks or dividends, or running to court or regulators.
Guarding Against a Short Attack
Harvard Law School Forum on Corporate Governance