Corporate Update

Corporate Securities

The Wreck of the CSX: Transparency and Derivatives

, New York Law Journal

John C. Coffee, Jr., the Adolf A. Berle professor of law at Columbia University Law School and director of its Center on Corporate Governance, writes that fairer, quicker elections are held in Zimbabwe. The bitter CSX proxy fight, which was scheduled to have been resolved at CSX's June 25 shareholders' meeting, he reports, may finally reach a definitive outcome on July 25, when that shareholders' meeting is reconvened. Then again, it may not.

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