One Company Isn’t Waiting Around for the SEC to Fend Off Activist Hedge Funds

Also, Fed's advocate on Capitol Hill plans to retire; Chopra lays out 'open banking' agenda; SEC's Uyeda raises questions about climate disclosure rule

Activist hedge funds have complained for months that rules proposed by Gary Gensler’s SEC would make it much harder to go after badly run businesses. But recently, another threat has emerged that legal experts say is even more powerful than poison pills. And how the fight between a public company and a New York fund plays out in court could impact the i…