Lawyers Sound Off On Bill Ackman, Investing In Large-cap Space

Bill Ackman, founder and CEO of hedge fund Pershing Square Capital Management LP, “clearly believes that the economy would be better off” with more activist investors in the large-cap space, asserts Eileen Nugent, a partner at Skadden, Arps, Slate, Meagher & Flom LLP. James Morphy, a partner at Sullivan & Cromwell LLP, shares similar sentiments at Tulane University Law School’s Corporate Law Institute in New Orleans, where Ackman delivered a keynote. – Sarah Hashim-Waris

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