Cravath Publishes Quarterly Review on Q1 2026 Trends in M&A, Activism and Corporate Governance

On May 22, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape. This edition covers:

M&A

• The U.S. Government as a Partner
• Key Delaware Case Law Review: DGCL Amendments Survive Challenges; AI Misuse and Termination Provisions; Conflicts Disclosures in Proxy Statements

Activism

• U.S. Activism Campaigns Remain Elevated Despite a Global Pullback

Restructuring

• A How-To Guide to Hiring an Independent Director

Regulatory

• HSR Requirements; Updates on DOJ and FTC Remedies
• Recent State Actions on “Stay-or-Pay” Arrangements
• New DOJ-Wide Corporate Enforcement and Voluntary Self-Disclosure Policy; SEC Enforcement Division Revises Enforcement Manual

Corporate Governance

• Rule 14a-8 Litigation; SEC Developments; ESG Litigation

Please click here to read the full report.