What began as a nasty power struggle between the activist hedge fund firm Children’s Investment Fund (UK) and its latest target, U.S. railroad group CSX Corp., has escalated into an ugly court battle in a case that holds broad significance. If CSX prevails, it will be a rare win for an executive team faced with a well-organized group of hostile share-holders, and activist investors everywhere may have to rethink strategies for seizing control of corporate boards.
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.
