Court Focuses on Intent in Holding That Executive Compensation Did Not Trigger Violation of SEC "Best Price" Rule

Goldstein, Jeremy L.; Katzke, Michael S.
July 2002
Venulex Legal Summaries;2002 Q3, p1
The article focuses on certain cases in which courts held that executive compensation did not violate the all-holders, best price rule of the U.S. Securities and Exchange Commission. It explains the decision of the Court of Appeals for the Ninth Circuit in the Epstein versus MCA Inc. case which focuses on whether such compensation is part of the tender offer. A summary judgment has been granted by the District Court for the Northern District of California to the Intel defendants in the Harris versus Intel Corp. case.


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