<h1>Tech stock sell-off heightens disclosure, valuation, director duties, shareholder activism, and Rule 10b-5 risk amid takeover bids</h1> Major equity declines in Asia and the U.S. followed heavy selling of large technology stocks, triggering regulatory and corporate governance risks including heightened scrutiny of valuations, disclosure obligations, and director/shareholder responsibilities during volatile trading. Earnings reports and guidance remain legally significant as courts and regulators may examine allegations of misleading statements if forward-looking claims prove materially inaccurate. A sovereign investor's pledge to oppose a large executive compensation proposal illustrates shareholder activism and potential proxy contest implications. Market reaction also amplifies antitrust, securities disclosure and merger bidding risks where competing takeover offers and acquisition disclosures are pending.