Don’t work for LIC, but I’d note that litigation strategy is one area in which the justification for non-transparency can be particularly strong. E.g., if LIC decided derivative suits were the wrong vehicle, I’m not sure I’d want them to publicize that and free any potential target companies from the fear that they could be next.
Don’t work for LIC, but I’d note that litigation strategy is one area in which the justification for non-transparency can be particularly strong. E.g., if LIC decided derivative suits were the wrong vehicle, I’m not sure I’d want them to publicize that and free any potential target companies from the fear that they could be next.