Andrews Corporate Officers and Directors Liability Litigation Reporter
September 14, 1998
Copyright (c) 1998 Andrews Publications
AMP TAKEOVER SUIT MAY FORCE FIRST PA RULING ON ‘DEAD HAND’ PILL
In re AMP Shareholders Litigation
Hostile suitor Allied Signal Corp. told a federal judge in Philadelphia that Pennsylvania law is unconstitutional if it allows the board of AMP, Inc. to use a “dead hand pill” to prevent shareholders from accepting its lucrative tender offer. ...