As we discussed in our post of June 3, the British Columbia Securities Commission released summary Majority Reasons in May for its decision to cease trade the shareholder rights plan (poison pill) implemented by Lions Gate Entertainment Corp. in response to a hostile bid by equity funds controlled by Carl Icahn.

On July 26, the BCSC released the full reasons of the panel majority and last week it released the reasons of the minority. While our more in-depth summary is forthcoming, a copy of the full reasons of the majority and the minority reasons can now be accessed from the BCSC website