1. Third Point Sues Campbell Soup, Accusing it of Misleading Investors

    Third Point Sues Campbell Soup, Accusing it of Misleading Investors

    Activist investor Third Point sued Campbell Soup, alleging the soup and snack maker's board misled investors about the competence of its directors and the way it carried out a recently completed strategic review...

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    1. Third Point has, at best, a superficial understanding of the food industry and the company, as evidenced by its non-substantive plan filled with platitudes and business school buzzwords.
    2. Without further information about its strategic plan that the board has withheld, and that is unknowable to stockholders without further disclosure, the Nov. 29 director election will be a sham.
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