Activists Triumph: Company Drops Hardball Tactics That Threatened Hedge Fund Strategy

Also, CFPB's Plan to Cap Card Late Fees Could Punish Those Who Don't Miss Payments; Judges named in Grayscale-SEC case; FSOC puts nonbanks in its crosshairs

Feb 6

Masimo blinked. Today, the medical device maker dropped the controversial corporate bylaws it had adopted to thwart new director nominations — a corporate defense tactic that caused much consternation in the governance world. The company’s move, which comes in the middle of a high-profile court case filed by Politan Capital Management, is a big victory …

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