(Wisconsin Public Radio) U.S. Sen. Tammy Baldwin has reintroduced legislation to crack down on activist hedge funds. The Brokaw Act is named after the central Wisconsin Village of Brokaw, which effectively went bankrupt after Starboard Value, a New York hedge fund, acquired the Wausau Paper company. The action preceded the closure of the company’s Brokaw mill in 2012, which left about 450 people unemployed.
Senator Reintroduces Bill To Crack Down On Hedge Funds
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