Richard Truesdell quoted in IFLR on corporate buyback issues

Davis Polk partner and Capital Markets Group co-head Richard Truesdell was quoted in an article from International Financial Law Review discussing how the coronavirus highlights corporate buyback issues. Truesdell noted that the recent tax reform was sold to the public under the proviso that companies will use savings to reinvest in the business and spend cap, creating jobs and stimulating the economy. However, he said, many of them instead put more into share buyback programs.