Professor Ronald Gilson is quoted in Marketwatch story about the possibility that activist investors might pursue Yahoo in the wake of the recent failed takeover bid by Microsoft:

Stanford University Law School Professor Ronald Gilson said gauging Microsoft might be the last step for funds pondering an activist role at Yahoo -- which would most likely involve filing well-publicized barbs directed at the Sunnyvale, Calif.-based company's management.

"The set up is pretty nice for it, all things considered," Gilson said, "because there's nothing that seriously gets in the way, other than the enormous difficulty of trying to figure out what Microsoft actually thinks about this transaction."

He added, "At this stage, the risk is largely based on predicting what Microsoft will do."