Activist Shareholder’s Nominee Shown to Have Potential Conflict 

A public company facing pressure from an activist investor seeking to gain control of its board was looking for leverage against the activist.

Our investigator tracked down information about regulatory investigations in the U.S. and abroad concerning accounting schemes at companies previously led by one of the activist’s nominees, which had led to large settlements.

The company issued a public statement citing significant concerns about the nominee, forcing the activist to the negotiating table. The activist agreed to settle, and the company retained control of its board.