Proposition 27 and Proposition 20 each had a so-called "poison pill" provision.
The rash of poison pill provisions adopted in the mid-1980s are now being subject to renewal.
But to stave that off, the firm recently enacted a "poison pill" provision under which board members are not all elected at the same time.
With a poison pill provision, those moves would be more costly.
At that point, the board must lift its "poison pill" provision, which would make further purchases of stock prohibitively expensive.
Should the independent directors prevail, they would likely carry out a so-called poison pill provision.
Earlier this week, the company also adopted a "poison pill" provision that could make a takeover prohibitively expensive.
Time Warner is also expected to raise the threshold of its "poison pill" provision to 20 percent.
A player is subject to the "poison pill" provision for a one-year period when his contract is extended at a higher salary.
The courts have rarely swept aside poison pill provisions.
Proposition 27 and Proposition 20 each had a so-called "poison pill" provision.
The rash of poison pill provisions adopted in the mid-1980s are now being subject to renewal.
But to stave that off, the firm recently enacted a "poison pill" provision under which board members are not all elected at the same time.
With a poison pill provision, those moves would be more costly.
At that point, the board must lift its "poison pill" provision, which would make further purchases of stock prohibitively expensive.
Should the independent directors prevail, they would likely carry out a so-called poison pill provision.
Earlier this week, the company also adopted a "poison pill" provision that could make a takeover prohibitively expensive.
Time Warner is also expected to raise the threshold of its "poison pill" provision to 20 percent.
A player is subject to the "poison pill" provision for a one-year period when his contract is extended at a higher salary.
Judge Jacobs upheld the fees but conditionally overturned the poison pill provision.
