Implications of the Second Circuit Decision in CSX Corporation v. The Children’s Investment Fund Management (UK) LLP

December 16, 2011

After extensive litigation, the beneficial ownership implications of cash-settled total-return equity swaps remain unclear. Click here for a discussion of the impact of the use of these types of swaps on 13(d) filing obligations, and the latest court guidance on when a “group” has been formed, requiring a Schedule 13D filing.