March 20, 2019

Schedule 13D: Time For The 10-Day Filing Window To Go?

Exchange Act Rule 13d-1 gives an acquirer 10 days from the date it acquires a 5% stake in a public company to get its Schedule 13D on file. This recent podcast from Jones Day’s Lizanne Thomas discusses activist investor strategies & how activists use this 10-day filing window to their advantage. She also lays out the case for why the window needs to be reformed.  The discussion of issues surrounding the filing window begins around the 13:00 minute mark of the podcast.

John Jenkins