Activist Shareholder’s Board Nominee Shown to Have Potential Conflict 

A public company faced an attack from an activist seeking to install new board directors and pressure the company to sell one of its brands.

We were engaged by the company’s counsel to investigate the activist’s nominees and discovered that one of the board candidates had failed to report current business ties that could pose a conflict with respect to the proposed position.

The company and counsel used this and other findings to help negotiate a settlement with the activist.